Life Insurance Corporation of India has hiked its stake to 13.34 per cent in Siemens, a part of German conglomerate, after purchasing shares worth over Rs 213.25 crore, through an open market transaction.

LIC has purchased 6.75 million shares, representing 2 per cent stake in the company, for Rs 213.25 crore, the company said in a filing to the Bombay Stock Exchange.

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The stock today closed at Rs 466.25 on the BSE, up 2.70 per cent from its previous close.

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