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LIC stake News

LIC Housing Finance

25 Jun 2021

LIC Housing Finance to raise Rs 2,334 crore

In a regulatory filing, the housing finance company said that it will issue 4.54 crore equity shares to LIC at Rs 514.25 per share. Post the allotment, LIC's stake in the company increased to 45.24 per cent as against the pre-issue shareholding of 40.31 per cent. The company will seek the shareholders' nod for the proposed preferential allotment of shares during its Extraordinary General Meeting on July 19, said another regulatory filing.

01 Nov 2017

LIC raises stake in Coal India to 9.4%

The PSU which accounts for over 80 percent of the domestic coal production is eyeing 600 million tonnes of output in the ongoing fiscal.

Life Insurance Corporation of India

22 Apr 2017

LIC to infuse Rs 407 crore in IDBI; hike stake to 14.25%

Life Insurance Corporation of India (LIC) will infuse Rs 406.9 crore in IDBI Bank increasing its stake 14.25 percent in the state-owned lender.

26 Oct 2016

NBCC share sale: LIC buys over 50% shares on offer, invests Rs 1,200 crore

LIC's stake in the state-run construction firm has gone up to 8.11 percent following its participation in NBCC offer for sale which happened last week.

18 Jun 2015

LIC hikes stake in Hindalco to over 13%

Aditya Birla-led Hindalco on Thursday said insurance giant LIC has raised its stake in the aluminium maker to over 13 percent.

Life Insurance Corporation

26 May 2015

LIC raises stake in Canara Bank, BoB

Country's largest insurer Life Insurance Corporation (LIC) has raised stake in state-owned Canara Bank by about 7.7 percent through preferential allotment of shares.

Life Insurance Corporation

13 Apr 2015

LIC sells about 2% stake in Tata Communications

State-owned Life Insurance Corporation (LIC) brought down its stake in Tata Communications by about 2.03 percent in the company through open market transaction.

19 Mar 2015

LIC acquires 9.9% stake in rating agency CARE

LIC acquired 28,82,136 shares of the rating agency through a bulk deal, CARE said in a BSE filing.

02 Feb 2015

In CIL stake sale LIC bought almost 50% of shares on offer

Country's largest insurer LIC picked up almost half of the shares on offer in the Coal India's Rs 22,558 crore disinvestment, once again coming in to ensure success of a government stake sale.

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