Life Insurance Corp (LIC) on Thursday said it has raised its stake in Indian Railway Catering and Tourism Corporation (IRCTC) to about 9.3 per cent.
In a regulatory filing, LIC said its stake in the public railways company ‘miniratna’ increased by 2.02 per cent in the period from December 16, 2022, to September 11, 2024, through open market purchases.
“Life Insurance Corporation of India has increased its holding in Indian Railway Catering and Tourism Corporation Ltd from 5,822,948 to 7,437,924 i.e. between 7.278% and 9.298% of the paid-up capital of the said company (IRCTC),” LIC said.
Shares of LIC closed at Rs 1,031.45, up 1.81 per cent from the previous close on the BSE.
Disclaimer:
The information contained in this post is for general information purposes only. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.
We respect the intellectual property rights of content creators. If you are the owner of any material featured on our website and have concerns about its use, please contact us. We are committed to addressing any copyright issues promptly and will remove any material within 2 days of receiving a request from the rightful owner.