LIC Increases Stake in IRCTC to 9.3% - Business News
Sep 12, 2024 19:33
Life Insurance Corporation of India (LIC) has increased its stake in IRCTC to 9.3% through open market purchases. This move increases LIC's holding in the railway sector PSU.
New Delhi, Sep 12 (PTI) Life Insurance Corp (LIC) on Thursday said it has hiked its stake in Indian Railway Catering and Tourism Corporation (IRCTC) to about 9.3 per cent.
In a regulatory filing, LIC said its holding in railway sector 'miniratna' PSU has increased 2.02 per cent in the period December 16, 2022, to September 11, 2024, via open market purchases.
"Life Insurance Corporation of India has increased its shareholding in equity shares of Indian Railway Catering and Tourism Corporation Ltd from 5,82,22,948 to 7,43,79,924 i.e., 7.278% to 9.298% of the paid-up capital of the said company (IRCTC)," LIC said.
Shares of LIC closed at Rs 1031.45, up 1.81 per cent over the previous close on the BSE.
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