LIC raises holding in Cipla to 9%

State-owned Life Insurance Corporation of India’s has accrued its holding successful drugmaker Cipla from 7% to 9% successful little than 3 months.

The country’s largest organization capitalist acquired much than 1.64 crore shares, done unfastened marketplace purchases, betwixt November 27 and February 18, a filing by Cipla connected Friday showed.

LIC, which holds 9.091% successful Cipla arsenic per the latest filing, had implicit 4 months till November last year raised its holding, successful the drugmaker, from 5.025% to 7.055%. Cipla shares connected Friday closed little than 1% astatine ₹1,341.45 apiece connected the BSE.