Life Insurance Corporation increases stake in Hindustan Unilever; mentions its exchange filing

The filing states that the shareholding was raised from 4.99 percent to 5.01 percent.

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The largest life insurance provider in the nation, Life Insurance Corporation of India (LIC), said in an exchange on April 15 that it had raised its ownership position in Hindustan Unilever, a prominent player in the FMCG industry.

“Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the Life Insurance Corporation of India (“the Corporation”) has increased its shareholding in “Hindustan Unilever Limited” from 11,74,63,555 to 11,77,18,555 Equity Shares, i.e., 4.99% to 5.01% of the paidup capital of the said Company,” the filing stated.

The filing states that the shareholding was raised from 4.99 percent to 5.01 percent.

With a market capitalization of Rs 5.15 lakh crore as of April 15, the FMCG company’s shares were purchased through an open market transaction.

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