The country's largest insurer LIC has increased its stake in Infosys to a record high level of 6.3%, according to reports.
Reports stated that LIC saw its holding in the IT major rise from 4.9% to 6.3% during the quarter ended June 30, 2012.
The increase in LIC's Infosys holding could be worth more than Rs 20bn, says report.
Infosys shares fell after the company disappointed with its first-quarter results.