LIC acquires 2% more stake of Capri Global Capital

1 Nov 2022 , 09:32 AM

In recent months, the Life Insurance Corporation of India (LIC) increased its ownership of Capri Global Capital by 2%, investing Rs257.37 crore. In a regulatory filing on Monday, LIC stated that its equity position in Capri Global climbed from 1,24,00,000 to 1,59,51,171 shares, bringing its stake from 7.052 % to 9.072 % of the company’s paid-up capital.

The MSME, construction, finance, affordable housing, and indirect retail financing segments are just a few of the markets that Capri Global serves. Between June 10, 2022, and October 28, 2022, the new shares were bought for an average price of Rs724.74 each.

Listed firms must declare any change in shareholding of more than 2% in accordance with regulatory standards. According to LIC, buying the shares served as an investing purpose through an open market transaction. The market value of Capri Global is currently Rs13,014 crore. On the BSE, the LIC stock closed at Rs604, up 1.86 %. At Rs750.50, Capri Global finished 1.05 % higher.

For feedback and suggestions, write to us at [e-mail]