LIC increased its investment in the stock market, bought shares of Hero MotoCorp, HUL and Capri Global – LIC ups stake in Hero MotoCorp HUL Capri Global

Life Insurance Corporation of India (LIC) said on Tuesday that it has bought shares of Hindustan Unilever Limited (HUL), Hero MotoCorp and non-banking finance company Capri Global Capital in the last few months. share increased.

Let us tell you that Hero MotoCorp is the largest two wheeler company in the country. LIC, in another information sent to the stock exchanges, said that it has increased its stake in FMCG sector company Hindustan Unilever (HUL) from 11,73,80,500 shares to 11,76,90,500 equity shares, which will bring the company’s total paid- Up capital is 5.08 per cent.

LIC said, “According to the data as on June 13, 2022, the stake in HUL has been increased from 4.995 per cent to 5.008 per cent at an average price of Rs 2206.93 per share.” HUL is a leader in the FMCG sector with a strong presence in the Home Care, Beauty, Personal Care, Food & Beverage segments.

Apart from this, LIC has increased its stake in Capri Global Capital from 88,58,348 equity shares to 1,24,00,000 equity shares or from 5.043 per cent to 7.059 per cent. LIC said that it has increased its stake in the company between February 21 and June 10 at an average price of Rs 624.61 per share. Capri Global is a non-banking finance company with presence in the MSMW, construction, affordable housing and indirect retail lending sectors.

LIC shares closed at Rs 674.20 on the Bombay Stock Exchange (BSE) on Tuesday, up 0.9 per cent from the previous close. On the other hand, Hero MotoCorp’s shares closed at Rs 2552.50, down 1.74 per cent. Hindustan Unilever (HUL) shares also closed at Rs 2172.25, down 1.08 per cent. While Capri Global’s shares closed at Rs 690.95, down 0.48 per cent.

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