LIC Hikes Stake In Tata Steel To 12%  LIC |
Life Insurance Corporation of India has increased its stake in Tata Steel to 12.10% after purchasing shares worth Rs 573.40 crore, via open market transaction.
LIC has bought 1,54,48,085 shares, that accounts for 2.114% in the company, for Rs 573.40 crore, Tata Steel said in a disclosure on the Bombay Stock Exchange.
Prior to the purchase, LIC held 9.89%, while now it holds 12.1% stake or 8,84,09,445 shares of Tata Steel.
