LIC raises stake in PI Industries up by 5%
The holding was raised, as an investment function, from 4.95% (75,19,910 shares) to 5% (75,91,910 shares) on May 30 with share pricing cost at Rs 3,551.15 per share.
Public –Sector Insurance giant Life Insurance Corporation of India (“the Corporation”) has increased its shareholding in agrochemical firm "P I Industries Limited” from 75,19,910 to 75,91,910 Equity Shares, i.e., 4.95% to 5.00% of the paid-up capital.
The investment holding was increased from 4.95% (75,19,910 shares) to 5% (75,91,910 shares) on May 30th, with the share price at Rs 3,551.15 per share.
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PI Industries is a leading player in the agro-chemicals space, having strong presence in both domestic and export markets. It has state-of-the-art facilities in Gujarat having integrated process development teams with in-house engineering capabilities. The market capitalisation of the company is Rs 53,488.98 crore, LIC said in a filing.
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