Thursday, January 10, 2013

LIC ups Infosys stake by over 2 pc; buys shares worth Rs 3,000 crore

State-run insurer LIC has hiked its stake in Infosys to 7.24 per cent, raising its holding in the IT major for third straight quarter with an estimated purchase of shares worth over Rs 3,000 crore.
LIC  which figures among the country's biggest institutional investors in stock market, held 4.92 per cent stake in Infosys at the beginning of the current fiscal on April 1, 2012, which has now risen to 7.24 per cent.

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