Life Insurance Corporation has raised its stake in Bharati Shipyard to 9.66 per cent, after acquiring nearly three per cent stake for over Rs 12.05 crore through open market transaction.     

In a disclosure to the Bombay Stock Exchange, Bharati Shipyard said LIC has acquired 7,21,746 shares representing 2.62 per cent stake in the company for Rs 12,05,47,591.     

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Shares of Bharati Shipyard closed at Rs 167.10, down 0.15 per cent on the BSE.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end on a strong note - Nabard FY14 operating surplus soars 28% to Rs 1,635 cr - RBI eases banks' term deposit restrictions - NMDC Q4 net down 21.74% to Rs 1,642.28 cr - Balrampur Chini Q4 profit up by 15%

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