LIC raises stake in Hero MotoCorp, HUL

15 Jun 2022 , 11:53 AM

LIC bought 41,81,338 shares, or 2.093% equity, of Hero MotoCorp at an average cost of Rs 3050.14 via open market purchase during the period from 4 January 2021 to 13 June 2022. LIC bought 3.10 lakh shares, or 0.013% equity, of HUL at an average cost of Rs 2206.93 via open market purchase on 13 June 2022. HUL is in the FMCG business comprising primarily of home care, beauty & personal care and foods & refreshment segments. Hero MotoCorp is the worlds largest manufacturer of motorcycles and scooters. LIC has been providing life insurance in India for more than 65 years and is the largest life insurer in the country. Shares of LIC debuted on the bourses on 17 May 2022. The scrip was listed at Rs 867.20, representing an 8.62% discount to the issue price of Rs 949. On the BSE, LIC was up 3.55% at Rs 698.15 while Hero MotoCorp was up 1.94% to Rs 2,602. However, HUL was down 1.14% at Rs 2147.45 on the BSE. Powered by Capital Market – Live News