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Hot Pursuit
26-Aug-23
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LIC raises stake in Tata Chemicals
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Life Insurance Corporation of India informed that it has increased its stake in Tata Chemicals from 7.123% to 9.177%.
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LIC bought 1,81,45,978 shares at an average price of Rs 999.35 via open market during the period, 27 June 2023 to 24 August 2023.
Tata Chemicals is a leading supplier of choice to glass, detergent, industrial and chemical sectors. The company has a strong position in the crop protection business through its subsidiary company Rallis India. Tata Chemicals has world-class R&D facilities in Pune and Bangalore.
LIC has been providing life insurance in India for more than 65 years and is the largest life insurer in the country.
Shares of LIC declined 1.08% to ended at Rs 648.40 and Tata Chemicals fell 0.54% to settle at Rs 1,010.75 on the BSE.
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