Shares by Life Insurance Corporation (LIC) in Tata Motors Ltd have increased by 5 per cent as the insurer increases its shareholding over the past ten months, investing Rs 11.39 crore in the car company.
LIC said its stake in Tata Motors Ltd increased from 16,59,48,741 to 16,61,98,741 shares, increasing its shareholding from 4.997% to 5.004% of the company’s paid-up capital. File the regulations on Tuesday.
”The shareholding in the company exceeded 5% as of October 31, 2022,” said LIC. The share purchase was made during the period from December 3, 2021 to October 31, 2022, with an average cost of 455.69. rupee
according to regulations Listed companies must notify the SET when their shareholding ratio exceeds 5%.
Tata Motors has a market capitalization of Rs.138 billion.
LIC shares closed at Rs 605.30 per BSE per share, up 0.22% from the previous close. Tata Motors’ currency ended at Rs 421.50, up 2.16%.
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