Insurance Provider, LIC raises over 2% stake in Container Corporation of India, here to know

India's largest insurance company, the Life Insurance Corporation of India (LIC), has recently increased its stake in the public sector railway stock, Container Corporation of India (CONCOR). The company announced this increase in exchanges on Wednesday, January 22.

LIC's stake in CONCOR rose by 2.028% between September 6, 2024, and January 21, 2025. In September, LIC held 4.74 crore shares, which accounted for a 7.78% stake in the company. As of January 21, this shareholding had increased to 5.97 crore shares, representing a 9.809% stake.

In January alone, LIC acquired nearly 40 lakh additional shares of CONCOR. The insurer's stake at the end of the December 2024 quarter was reported at 5.57 crore shares, which then increased to 5.97 crore shares by January 21. This acquisition was made through open market purchases, reflecting LIC's confidence in CONCOR's prospects.

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As of the previous close of Rs 755.45 apiece on the BSE, LIC's stake in CONCOR is worth nearly Rs 4,515 crore.

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