LIC acquires further 2.016% stake in Capri Global for Rs221.22 crore

14 Jun 2022 , 12:12 PM

Life Insurance Corporation of India (LIC) informed that it has increased its shareholding in Capri Global Limited from its existing 5.043% to 7.059%.

The company has acquired 35,41,652 shares of Capri Global. Post this acquisition, LIC’s shareholding in the company has increased to 1,24,00,000 Equity shares from the existing 88,58,348 Equity shares.

The company acquired shares through an Open Market Transaction at an average price of Rs624.61 per share.

The total cost of acquisition stands at Rs221.22 crore (approx.)

Capri Global is a diversified Non-Banking Financial Company (NBFC) with a presence across different segments like Construction Finance, Affordable Housing, MSME, and Indirect Retail Lending segments.

Capri Global has a Market Capitalization of about Rs12,214 crore.

At around 12.09 AM, LIC’s scrip was trading at Rs668.85, marginally up against its previous close of Rs668.25 on NSE. So far in the day, it hit an intraday high of Rs684. Further, it stooped to its 52-week lowest in today’s trade at Rs663.