LIC raises stake in Concor up to 7.7 percent
The shares of the both public sectors have witnessed a significant surge in the respective stock prices.
State owned insurance company Lic announced that it has raised its shareholding in equity shares of the PSU company Container Corporation of India.
The shares of the both public sectors have witnessed a significant surge in the respective stock prices.
According to the exchange filing, this is to inform that the Life Insurance Corporation of India (“the Corporation”) has increased its shareholding in equity shares of Container Corporation of India Ltd. (“Company”) from 3,51,73,206 to 4,74,10,462, i.e., 5.773% to 7.781% of the paid-up capital of the said Company.
The transaction is done through open market purchase with a total increase of 2.008 percent till date. This is done as an ordinary course of transaction.
The PSU company is a logistics solutions provider with a market capitalisation of Rs 57 thousand crore, approximately.
News Must Read
- Garden Reach Shipbuilders receives LoA from Government of West Bengal
- Bank of Baroda Q2 business update: Domestic deposits up by 7%, global business expands 10.23%
- NTPC Unchahar Head of Project Conquers Everest Base Camp
- PM Narendra Modi inaugurates GAIL’s CBG Plant in Ranchi
- SBI to add 600 branches in its network during FY25: Chairman C S Setty
- Power Grid signs SHA with RVPN to form JV in Rajasthan
- NHPC CMD highlights critical importance of dams in India's water management
- NTPC Mining delivers stellar performance in Half Yearly of FY2024-25
- HAL Delivers First AL-31FP Aero Engine to IAF Under New Contract
- HAL’s Advanced Light Helicopter all set for ONGC Offshore Missions