Business Standard

LIC increases stake in Cummins to 5.42%

Related News

The country’s largest insurer Life Insurance of India (LIC) has raised its to 5.42 per cent through for Rs 19.06 crore.

In a disclosure to the Bombay Stock Exchange, Cummins India today said LIC has acquired 11 lakh shares, representing 0.55 per cent stake, at a price of Rs 2 each via open market purchase. Post acquisition, LIC now holds 5.42 per cent stake in Cummins India.

Read more on:   
|
|
|
|

LIC increases stake in Cummins to 5.42%

The country’s largest insurer Life Insurance of India (LIC) has raised its stake in diesel and natural gas engines maker Cummins India to 5.42 per cent through open market purchase for Rs 19.06 crore.

The country’s largest insurer Life Insurance of India (LIC) has raised its to 5.42 per cent through for Rs 19.06 crore.

In a disclosure to the Bombay Stock Exchange, Cummins India today said LIC has acquired 11 lakh shares, representing 0.55 per cent stake, at a price of Rs 2 each via open market purchase. Post acquisition, LIC now holds 5.42 per cent stake in Cummins India.

image

Read More

Going out of Citi Suvidha? Keep higher balance

Citi India’s ‘Suvidha’ salary account holders will need to maintain a monthly net relationship value of Rs 1 lakh if their salary is no longer ...

Recommended for you

Quick Links

More news from Finance Rss icon

IndusInd Bank Q4 net up 25% at Rs 495 cr; asset quality improves

The MD & CEO said that the growth was on account of core fee income rising by 29% and rise in net interest income by 18% y-o-y

Revised interest subsidy scheme for crop loans in FY16 on cards

Norms for FY15 to continue in interim

Interest rate decline spells margin pressure for home loan sector

ICRA predicts interest rate risk; market reaches Rs 10-lakh crore, needs Rs 28,000 crore capital in five years

Back to Top