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LIC stake in speciality chemical firm Deepak Nitrite rises over 5%

Life Insurance Corporation on Thursday announced buying additional stake in speciality chemicals maker Deepak Nitrite to take its overall shareholding in the company to over 5 per cent

Topics
LIC  | Deepak Nitrite

Press Trust of India  |  New Delhi 



LIC, Life Insurance Corporation

Life Insurance Corporation on Thursday announced buying additional stake in speciality chemicals maker to take its overall shareholding in the company to over 5 per cent.

The Corporation's shareholding in has increased from 67,88,327 to 68,58,414 equity shares, increasing its stake from 4.977 per cent to 5.028 per cent of the paid up capital of the said company, said in a regulatory filing on Wednesday.

The increase of 0.051 per cent was at an average cost of Rs 2074.49 per piece. This is an investment in the ordinary course of transaction through open market purchase, said.

is manufacturer of organic, inorganic, fine and speciality chemicals.

Shares of closed at Rs 619.30 apiece on BSE, down by 0.30 per cent from previous close. Deepak Nitrite scrip ended at Rs 2008.05 apiece, down by 3.29 per cent.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


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First Published: Thu, September 29 2022. 19:48 IST

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