Mahanagar Gas was trading on a higher note during Thursday after the largest insurer, Life Insurance Corporation of India (LIC) increased its stake in the company.
LIC has acquired 2% stake in the company through open market transactions.
With that, LIC’s stake in the company has increased to 7.01% from the previous 5%.
At around 11.55 am, Mahanagar Gas was trading at Rs884.90 per piece up by 0.7% on Sensex. The stock has touched an intraday high and low of Rs887.60 per piece and Rs871.70 per piece respectively.
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