LIC Increases Equity Stake in Hindustan Unilever by Over 5%
In a recent move, Life Insurance Corporation of India (LIC) announced that its stake in FMCG major Hindustan Unilever Limited (HUL) has surpassed 5%. The Corporation augmented its shareholding in HUL from 4.99% to 5.01% of the company’s paid-up capital by acquiring additional shares from the open market. This increase amounted to a purchase of …
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