LIC buys Rs 300 crore Infosys shares

Posted by On April 19, 2015 0 Comment

This is the fourth consecutive quarter of share purchase by LIC in the software services firm.

State-owned life insurer LIC has shored up its stake in Infosys to 4.81 per cent, purchasing shares worth over Rs 300 crore in the January-March quarter.

This is the fourth consecutive quarter of share purchase by LIC in the software services firm.

LIC held 4.69 per cent stake in Infosys during the October-December quarter and increased that to 4.81 per cent as of March 31, 2015, as per latest data available with the stock exchanges.

Taking into account the current market value of Infosys shares, the 0.12 percentage point hike in LIC’s holding in the company would be worth about Rs 317 crore. Infosys shares closed at Rs 2,182 on Friday.

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Source:Thehindu

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