LIC hikes stake in RIL to 6.94pc
The country's most valued firm Reliance Industries on Friday said the public sector insurer Life Insurance Corporation has hiked its stake in the company to 6.94 percent over the past two years.
By PTI |
MUMBAI: The country's most valued firm Reliance Industries on Friday said the public sector insurer Life Insurance Corporation has hiked its stake in the company to 6.94 percent over the past two years through open market transactions.
The state-owned insurer LIC has hiked stake in the Mukesh Ambani-led company to 6.94 percent from five percent for Rs 6,182 crore, RIL said in a disclosure to the Bombay Stock Exchange. The transactions were done between May 27, 2008 and January 4, 2010.
LIC now holds 22.69 crore shares of RIL representing 7.33 per cent voting rights in the company.
RIL shares today closed at Rs 1,101.95, down by 0.29 per cent from its previous close on the BSE.
The state-owned insurer LIC has hiked stake in the Mukesh Ambani-led company to 6.94 percent from five percent for Rs 6,182 crore, RIL said in a disclosure to the Bombay Stock Exchange. The transactions were done between May 27, 2008 and January 4, 2010.
LIC now holds 22.69 crore shares of RIL representing 7.33 per cent voting rights in the company.
RIL shares today closed at Rs 1,101.95, down by 0.29 per cent from its previous close on the BSE.
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