LIC Boosting Its Stake in Tech Mahindra to 8.88%

8 Jun 2023 , 09:22 AM

LIC increases its stake in Tech Mahindra to 8.88% through open market transactions. LIC’s shareholding in Tech Mahindra rises from 6.869% to 8.884%. The increase in holding is 2.01% from November 21, 2022, to June 6, 2023.

LIC’s average buying price for the shares is Rs.1,050.77 per share. As of March 2023, LIC holds an 8.07% stake or 7.86 crore equity shares in Tech Mahindra. Tech Mahindra’s share price on the BSE closed at Rs.1,095.65, up 0.9%.  The stock has experienced a decline of nearly 8% in the current calendar year. At the time of writing, the stock was trading at Rs.1091.95 on the BSE, which is 0.34% less than the previous day’s close.

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