Life Insurance Corporation of India’s (LIC) shareholding in Britannia Industries crossed 5% on October 18 with the institutional investor buying nearly 1.16 lakh shares in the FMCG agency at a mean value of ₹4,607.09.
An funding operate, the shares have been purchased in the open market, LIC mentioned on Thursday in a submitting following the acquisition that elevated its holding in Britannia from 4.957% to five.007%.
In phrases of variety of shares, it has gone up from 1,19,46,414 to 1,20,62,214 shares. Britannia Industries shares on Thursday ended flat at ₹4,604.20 every on the BSE.
