LIC raises its stake in Biocon from 4.982% to 5.023%
This adjustment boosts LIC's stake in Biocon from 4.982% to 5.023% of the company's total equity.
The Life Insurance Corporation of India (LIC) has increased its shareholding in Biocon Ltd, according to an exchange filing made. In respect to the updated disclosure regulations, LIC's ownership has risen from 5,98,14,429 shares to 6,03,14,429 shares.
"The Life Insurance Corporation of India (“the Corporation”) has increased its shareholding in equity shares of Biocon Ltd. (“the Company”) from 5,98,14,429 to 6,03,14,429, i.e., 4.982% to 5.023% of the paid-up capital of the said Company," it said.
This adjustment boosts LIC's stake in Biocon from 4.982% to 5.023% of the company's total equity.
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