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Rural Electrification Corporation, in a disclosure to the exchanges, said that Life Insurance Corporation of India has increased its stake in the company to 7.029 per cent. Between May 27, 2013 and June 3, 2015, LIC's stake rose to over 7 per cent from 5.006 per cent. However, the company’s latest shareholding pattern ending March 2015, revealed LIC's stake at 3.13 per cent. The stock could see traction following LIC buying.
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