The Life Insurance coverage Company of India’s shareholding in biotech agency Biocon just lately touched the 5% mark.
The holding went up from 4.98% to five.02%, which by way of variety of shares has elevated from greater than 5.98 crore to over 6.03 crore. The extra shares have been acquired as an funding perform, in open market buy, at a median price of ₹.378.92, LIC stated in a submitting. On Tuesday, Biocon shares closed 3.90% decrease at ₹375.50 apiece on the BSE.
In one other submitting, LIC stated its holding in DCM Shriram Industries, which in primarily into sugar, alcohol, energy and chemical substances, has decreased to 4.65%. By way of variety of shares, it had come down from 58,06,760 to 40,52,635.
“There’s a web lower of two.016% within the holding through the interval from October 8, 2021 to September 13, 2024. The holding decreased from 6.675% to 4.659%… at a median price of ₹110.072,” LIC stated on the open market sale undertaken as a part of funding perform.
DCM Shriram Industries shares closed 2.53% decrease on the BSE at ₹192.50 every on Tuesday.
Printed – September 17, 2024 10:13 pm IST
