LIC stake News

In a regulatory filing, the housing finance company said that it will issue 4.54 crore equity shares to LIC at Rs 514.25 per share. Post the allotment, LIC's stake in the company increased to 45.24 per cent as against the pre-issue shareholding of 40.31 per cent. The company will seek the shareholders' nod for the proposed preferential allotment of shares during its Extraordinary General Meeting on July 19, said another regulatory filing.

The PSU which accounts for over 80 percent of the domestic coal production is eyeing 600 million tonnes of output in the ongoing fiscal.

Life Insurance Corporation of India (LIC) will infuse Rs 406.9 crore in IDBI Bank increasing its stake 14.25 percent in the state-owned lender.

LIC's stake in the state-run construction firm has gone up to 8.11 percent following its participation in NBCC offer for sale which happened last week.

Aditya Birla-led Hindalco on Thursday said insurance giant LIC has raised its stake in the aluminium maker to over 13 percent.

Country's largest insurer Life Insurance Corporation (LIC) has raised stake in state-owned Canara Bank by about 7.7 percent through preferential allotment of shares.

State-owned Life Insurance Corporation (LIC) brought down its stake in Tata Communications by about 2.03 percent in the company through open market transaction.

LIC acquired 28,82,136 shares of the rating agency through a bulk deal, CARE said in a BSE filing.

Country's largest insurer LIC picked up almost half of the shares on offer in the Coal India's Rs 22,558 crore disinvestment, once again coming in to ensure success of a government stake sale.