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LIC bought 35,621 shares at an average cost of Rs 6,794.48 via open market purchase on 11 December 2023. The life insurance major's holding in Atul crossed 5% as on the same date.
Atul has one of the biggest integrated chemical complexes in India with a well-diversified product portfolio of around 900 products and 400 formulations. Geographically, its sales are almost evenly distributed between domestic and exports. It has marketing offices through its subsidiaries in USA, UK, Germany, UAE, China, Brazil, etc.
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 advanced 1.64% to Rs 804.65 while Atul shed 0.14% to Rs 6,792.90 on the BSE.
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