Business Standard

LIC increases stake in Cummins to 5.42%

Press Trust Of India  |  Mumbai 

  • ALSO READ

    LIC hikes stake in Cummins to 5.42%

    Key levels: Real strength for Sensex above 9,424

    Roche goes hostile, cuts Genentech bid to $42 billion

    IOC profit rises 42%, courtesy govt bonds

    Sensex ends up 187pts at 9,423

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.

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
Advertisement