Thursday, February 26, 2009

LIC ups stake in ICICI Bank to 9.38% - Business Line

LIC ups stake in ICICI Bank to 9.38% - Business Line

 
MUMBAI: Life Insurance Corporation of India has hiked its stake to 9.38 per cent in the country's largest private sector lender, ICICI Bank, after purchasing shares worth Rs 145.62 crore through open market transaction.

In a disclosure on the Bombay Stock Exchange, ICICI Bank said LIC has purchased over 2.27 crore shares for Rs 145.62 crore, representing 2.04 per cent stake. Before the purchase, LIC held 7.34 per cent stake, while now it has over 10.44 crore shares repr esenting 9.38 per cent stake in the bank.

Shares of ICICI Bank were trading at Rs 232.90, down 3.59 per cent on the BSE on Tuesday. - PTI

Posted by MoneyBazaars at 8:18 PM  

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