The state-owned Life Insurance Corporation of India announced on April 24 that it has increased the shareholding from 4.988 % to 5.008 % in L&T Technology Services Ltd.
The shares bought in ordinary course of transaction through open market transaction, LIC said in the regulatory filing.
As per the LIC statement, its shareholding in L&T Tech rose from 52,68,029 to 52,89,396 equity shares.
The LIC said in its filing that, ‘Holding in the company (L&T Tech) crossed 5% and the acquisition of shares was done during the period from 20.10.2021 to 21.04.2023 at an average cost of INR 4140.67.’
L&T Technology Services is an engineering services provider, offers engineering, research and development and digitalisation solution to companies in the areas such as transportation, industrial products, telecom and medical devices.
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