Wednesday, January 27, 2010

LIC hikes stake in ONGC to 5%

Life Insurance Corporation of India (LIC) has hiked its stake in state-run Oil and Natural Gas Corporation (ONGC) to 5%
    
In a filing to the Bombay Stock Exchange, the oil and gas major said LIC has increased its stake in the company from 4.99% to 5%.
    
The aggregate number of shares held by LIC as on January 19, 2010 is 10.71 crore equity shares of ONGC, it added.
 
Source BloombergUTV

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