Representative Image 
Business

LIC’s shareholding in HPCL crosses 5%

The shares were bought in the ordinary course of transaction through open market purchases, LIC said in a regulatory filing to stock exchanges.

DT NEXT Bureau

NEW DELHI: Life Insurance Corporation (LIC) on Tuesday said its shareholding in state-owned Hindustan Petroleum Corporation has crossed 5 per cent. The shares were bought in the ordinary course of transaction through open market purchases, LIC said in a regulatory filing to stock exchanges.

The holding in the company crossed 5 per cent on May 8, 2023. Its market capitalisation is Rs 36,194 crore. LIC’s holding in HPCL increased from 4.901 per cent to 5.013 per cent. It is an increase of 0.112 per cent on May 8, at an average cost of Rs 253.01, the insurance behemoth said.

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

Also Read

DK Shivakumar claims to be fair, but reality is grim: CPM

National icons should not be confined to caste, community identities, says Governor Arlekar

Fake coaches under scanner amid rise in Pocso cases in sports: Minister Aadhav Arjuna

Appaswamy Real Estates steps up realty, hospitality expansion; lines up Rs 8,000-cr Chennai pipeline

India Colts crossed the line but who will school them?

SCROLL FOR NEXT