New Delhi: lifestyles insurance company (LIC) has raised its stake in largest loan firm HDFC to over five in step with cent.
LIC has purchased 10 lakh stocks, or 0.063 in keeping with cent, from the open market, HDFC said in a regulatory submitting.
Following the clean buy, the LIC stake rose to five.019 per cent.
The shares were bought on April 7.
shares in HDFC closed at Rs 1,072.sixty five on April 7, and consequently LIC might have offered the shares well worth Rs 107.20 crore.