LIC Increases Stake in Biocon to 5.02%

Life Insurance Corporation, on Tuesday, announced that it had increased its holding in bio-pharma firm Biocon to 5.02 per cent.

Earlier, LIC had a stake of 4.98 per cent in the pharma company.

"Life Insurance Corporation of India has increased its shareholding in equity shares of Biocon Ltd from 5,98,14,429 to 6,03,14,429 i.e., 4.982 percent to 5.023 percent of the paid-up capital of the said company," the insurer said in a regulatory filing.

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