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LIC hikes stake in Mahanagar Gas by 2% via open market; Stock surges

6 Jan 2022 , 11:58 AM

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. 

Related Tags

  • Life Insurance Corporation of India
  • Mahanagar Gas
  • Mahanagar Gas LIC stake acquisition
  • Mahanagar Gas open market
  • Mahanagar Gas open market deal
  • Mahanagar Gas share price
  • markets
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