Life Insurance Corporation Holding in HDFC Crosses 5%

New Delhi: life coverage employer (LIC) has raised its stake in biggest mortgage firm HDFC to over five in keeping with cent.

LIC has purchased 10 lakh stocks, or 0.063 consistent with cent, from the open marketplace, HDFCstated in a regulatory submitting.

Following the clean purchase, the LIC stake rose to 5.019 in keeping with cent.

The shares had been bought on April 7.

shares in HDFC closed at Rs 1,072.sixty five on April 7, and consequently LIC might have offered theshares really worth Rs 107.20 crore.