LIC raises stake in ZEEL

8 Jun 2022 , 03:22 PM

LIC purchased 2 lakh shares, or 0.02% equity, at average cost of Rs 247.25 through open market on 6 June 2022. ZEEL is a media & entertainment company offering entertainment content to diverse audiences. It is present across broadcasting, movies, music, digital, live entertainment, and theatre businesses, both within India and overseas. 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. LIC was down 1.85% at Rs 738.95 while ZEEL rose 0.21% to Rs 238.50 on the BSE. Powered by Capital Market – Live News