Life Insurance Corporation of India (LIC) has increased its stake in FMCG major Hindustan Unilever, according to an exchange filed by the largest life insurance company of the country on April 15.
The stake was increased from 4.99 percent to 5.01 percent, according to the filing.
“Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the Life Insurance Corporation of India (“the Corporation”) has increased its shareholding in "Hindustan Unilever Limited” from 11,74,63,555 to 11,77,18,555 Equity Shares, i.e., 4.99% to 5.01% of the paidup capital of the said Company,” the filing said.
The shares were bought in an open market purchase in the FMCG company, which has a market capital of Rs 5.15 lakh crore as on April 15.
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