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Shares of Reliance Industries (RIL) were trading higher by 4% at Rs 899 on the National Stock Exchange (NSE) in noon deal in otherwise subdued market.
The stock opened at Rs 869 and touched a low of Rs 867 on NSE so far. A combined 2.37 million shares changed hands on the counter on NSE and BSE. The CNX Nifty was marginally up by 0.1% at 8,965.
Insurance behemoth Life Insurance Corporation of India (LIC) is steadily increasing its stake in RIL during past couple of months.
The stock opened at Rs 869 and touched a low of Rs 867 on NSE so far. A combined 2.37 million shares changed hands on the counter on NSE and BSE. The CNX Nifty was marginally up by 0.1% at 8,965.
Insurance behemoth Life Insurance Corporation of India (LIC) is steadily increasing its stake in RIL during past couple of months.
According to disclosure filed by RIL on BSE, it shows that LIC has acquired 13.52 million shares representing 0.41% stake in the company through market purchase in past two months.
LIC stake in private sector refinery giant has increased to 9.08% as on February 2015, from 8.67% at the end of December 2014 quarter.
LIC, which had 6.98% stake earlier, increased its shareholding in the company to 9.08% by buying an additional 67.84 million shares between January 23, 2010, and February 28, 2015, RIL said in a filing to the BSE.
LIC stake in private sector refinery giant has increased to 9.08% as on February 2015, from 8.67% at the end of December 2014 quarter.
LIC, which had 6.98% stake earlier, increased its shareholding in the company to 9.08% by buying an additional 67.84 million shares between January 23, 2010, and February 28, 2015, RIL said in a filing to the BSE.
