LIC Ups Stake In Capri Global To Over 7%
Recently there is a huge hike and big moments in the corporate world and the financial giant is making its move for the acquisition of more stock of others this has led to the hiking prices of the stock itself and after the pandemic, this kind of acquisition of shares is happening for the first time and people having the shares of this company are looking for big profits in near future and this hike in the time of increasing inflation and many factors ca help to stabilize the market here is the life insurance corporation of India LIC is increasing its stakes in Capri Global from 5% to 7% and this also increased the rates of the average stock in the market that will also help the stakeholders here below you will find the details related to this so continue reading below, Follow More Update On GetIndiaNews.com
Life insurance corporate LIC increased its stakes in a banking finance company as this insurance company now seeing the profit in the banking sector as it is expected to have a boost in the banking sector as the stock prices of banks are going high, Capri global is a baking fiance organization compony which is involved in the financing to the middle-class peoples for the affordable resources to meet their requirements. as this is a huge move made by LIC life insurance corporate LTD. that it moved from 5% stake holding in Capri global to now it has become a stakeholder of 7%, as this boost of 2% is not just in one day as this process is a continuous growth of life insurance corporate LIC in the shares of Capri global is a long period of around 3/4 months as in the month of February to June period.
Life insurance corporate LIC has invested a handsome amount and as it is itself a financial giant having a potential of living coverage of life insurance for huge masses, life insurance corporate LIC has invested an amount of over 221 crores in the form of shares in Capri global, LIC official said in a recent report that its shareholding potential increased from the February 21 to June 10, this open average market cost of one share is rs 624.61, LIC official also said this translated into the investment of about Rs 221.22 crore by life insurance. LIC said on Tuesday, that LIC shareholding in crip global capital increased from a stake equal to the sum of RS 88,58,348 to the sum of RS 124,00,000. as this gives the life insurance corporate LIC a boost of 5.043 % to 7.059 % paid the capital in the many installments and the latter.