LIC raises stake in Concor up to 7.7 percent

State owned insurance company Lic announced that it has raised its shareholding in equity shares of the PSU company Container Corporation of India.

The shares of the both public sectors have witnessed a significant surge in the respective stock prices.

According to the exchange filing, this is to inform that the Life Insurance Corporation of India (“the Corporation”) has increased its shareholding in equity shares of Container Corporation of India Ltd. (“Company”) from 3,51,73,206 to 4,74,10,462, i.e., 5.773% to 7.781% of the paid-up capital of the said Company.
 

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The transaction is done through open market purchase with a total increase of 2.008 percent till date. This is done as an ordinary course of transaction. 

The PSU company is a logistics solutions provider with a market capitalisation of Rs  57 thousand crore, approximately.
 

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