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LIC buys more shares in FMGC major Nestle India, total stake now at 5%

The Nestle India stock closed 0.02% up at Rs 6,618.70 on the BSE

Press Trust of India  |  New Delhi 

A Nestle company logo is pictured on a bar of Milky Bar chocolate (Photo: Reuters)

has acquired 40,000 shares in major through an open purchase, as a result of which the total holding of the insurance behemoth has gone up to 5.01 per cent.

previously had 4,79,54,35 shares in Nestle India, accounting for 4.97 per cent, according to a filing.

The additional 0.41 per cent was acquired on August 21, it added.

The stock closed 0.02 per cent up at Rs 6,618.70 on the

(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.)

First Published: Tue, August 22 2017. 19:54 IST