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Life Insurance Corporation raises stake in Asian Paints from 5% to 7%

Shares of Asian Paints closed at Rs 1,121 apiece, up 0.91 per cent on the BSE

Press Trust of India  |  New Delhi 

Higher costs take colour off Asian Paints

State-owned (LIC) has hiked its stake in by 2 per cent by buying 19.2 million shares in the open market.

As per a regulatory filing, LIC, which had 5.007 per cent stake earlier, increased its shareholding in to 7.01 per cent by buying shares between May 19, 2017, and February 2, 2018.

Shares of closed at Rs 1,121 apiece, up 0.91 per cent on the BSE.

First Published: Wed, February 07 2018. 19:35 IST
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