LIC raises stake in Cipla

State-owned Life Insurance Corporation of India (LIC) acquired much than 1.64 crore shares successful Cipla successful a small implicit 4 months from July.

LIC’s holding successful the institution consequently accrued from 5.025% astir mid-July to 7.055% by November-end, showed a filing by the drugmaker connected the country’s largest organization investor. LIC acquired the further 2% involvement successful the institution done unfastened marketplace purchases. Cipla shares closed little than 1% little connected Monday astatine ₹1,523.80 apiece connected the BSE.