Stocks

LIC increases stake in Hindalco to 10.39%

| Updated on August 19, 2019 Published on August 20, 2019

 

Shares of Hindalco may remain in focus as Life Insurance Corporation of India (LIC) has increased its stake in the company. In a notice to bourses, Hindalco said LIC has acquired 4.65 crore shares of the company through open market transactions between May 5, 2017 and August 14, 2019. Following the acquisition, LIC's stake in Hindalco increased to 10.39 per cent from 8.32 per cent. At the end of June, LIC had a stake of 9.26 per cent in Hindalco, exchanges data show.

Published on August 20, 2019
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