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LIC increases stake in Cummins to 5.42%

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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.

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