LIC increases stake in IRCTC to 5.005%

19 Oct 2022 , 09:18 AM

Life Insurance Corporation of India’s (LIC) shareholding in “INDIAN RAILWAY CATERING AND TOURISM CORPORATION LTD.” has increased from 3,97,76,221 to 4,00,42,625 Equity Shares increasing its shareholding from 4.972% to 5.005% of the paid-up capital of the said Company.

As per the filing, Indian Railway Catering And Tourism Corporation (IRCTC) has the market cap of Rs58,132 crore and accordingly, holding of the company crossed 5% and the acquisition of share were done during the period from September  09, 2020 to October 17, 2022 at an average cost of Rs597.74 crore.

IRCTC an extended arm of the Indian Railways involved in upgradation, professionalization and managing the catering and hospitality services at stations on trains, and other locations and global reservation systems.

At around 9:18 AM, Life Insurance Corporation of India is currently trading at Rs608.20 per share up by Rs0.35 or 0.06% from its previous closing of Rs607.85 per share on the BSE.

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