Correct Answer : Option (B) - Life Insurance Corporation
Life Insurance Corporation of India (LIC) has increased its shareholding in "Voltas" by buying an additional 2 per cent stake. LIC said it acquired Voltas' shares worth Rs 634.50 crore through open market transactions during the period from August 10 to November 4, 2022.
The state-owned life insurer increased its shareholding from 2,27,04,306 shares (equivalent to 6.862 per cent) to 2,93,95,224 (8.884 per cent) in Voltas, according to a regulatory filing on Monday(7th Nov 2022).
Voltas is engaged in the business of air conditioning, refrigeration, electro-mechanical projects as an EPC (engineering, procurement and construction) contractor both in domestic and international market.
Stock of
LIC closed at
Rs 633.30 apiece on
BSE, up by
0.84 per cent, while
Voltas scrip ended 1.24 per cent lower at
Rs 834.40 apiece..
Source : Economic Times
Published On : November 9, 2022
Category : Insurance and Finance
