LIC raises stake in PI Industries up by 5%

Public –Sector Insurance giant Life Insurance Corporation of India (“the Corporation”) has increased its shareholding in agrochemical firm "P I Industries Limited” from 75,19,910 to 75,91,910 Equity Shares, i.e., 4.95% to 5.00% of the paid-up capital.

The investment holding was increased from 4.95% (75,19,910 shares) to 5% (75,91,910 shares) on May 30th, with the share price at Rs 3,551.15 per share.

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PI Industries is a leading player in the agro-chemicals space, having strong presence in both domestic and export markets. It has state-of-the-art facilities in Gujarat having integrated process development teams with in-house engineering capabilities. The market capitalisation of the company is Rs 53,488.98 crore, LIC said in a filing.

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