Life Insurance Corporation Holding in HDFC Crosses 5%
New Delhi: Life Insurance Corporation (LIC) has raised its stake in largest mortgage firm HDFC to over 5 per cent.

LIC has purchased 10 lakh shares, or 0.063 per cent, from the open market, HDFC said in a regulatory filing.

Following the fresh purchase, the LIC stake rose to 5.019 per cent.

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The shares were purchased on April 7.

Shares in HDFC closed at Rs 1,072.65 on April 7, and therefore LIC would have bought the shares worth Rs 107.20 crore.