mstock banner 1500X500

LIC has increased its stake in non-banking finance company Capri Global Capital, to over 7 per cent from 5 per cent earlier, during the February-June period with an investment of over Rs 221 crore, the state-owned insurer said on Tuesday.

LIC’s shareholding in Capri Global Capital has increased from 88,58,348 equity shares to 1,24,00,000 equity shares or from 5.043 per cent to 7.059 per cent of the paid-up capital of the latter, Life Insurance Corporation (LIC) said in a regulatory filing.

Espresso Banner on Trade Brains in Content

The holding increased during the period from February 21 to June 10, through open market purchase at an average cost of Rs 624.61, LIC said.

This translates into an investment of about Rs 221.22 crore by the life insurer for the stake buy in Capri Global.

Capri Global is an NBFC with presence across different segments like MSME, construction finance, affordable housing and indirect retail lending segments.

Kotak Securities Banner on Trade Brains 500x500

Shares of LIC were trading at Rs 673.45 apiece on BSE, up by 0.79 per cent from its previous close, while Capri Global scrip was up 0.14 per cent at Rs 695.30 apiece on BSE. PTI KPM DRR

To stay updated with the Latest Stock Market news, download our app here!

For editorial purposes, contact

Start Your Financial Learning Journey

Want to learn Stock Market and other Financial Products? Make sure to check out, FinGrad, the learning initiative by Trade Brains. Click here to Register today to Start your 3-Day FREE Trail. And do not miss out on the Introductory Offer!!