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LIC Buys Rs 300 Cr Infosys Shares

Updated: May 9, 2015 2:39 pm

State-owned life insurer LIC has shored up its stake in Infosys to 4.81 per cent, purchasing shares worth over Rs 300 crore in the January-March quarter. This is the fourth consecutive quarter of share purchase by LIC in the software services firm. Life Insurance Corporation of India is the biggest institutional investor in the stock market. It held 4.69 per cent stake in Infosys during the October-December quarter and increased that to 4.81 per cent as of March 31, 2015, as per latest data available with the stock exchanges. The state-run firm has been increasing its holding in Infosys since the January-March quarter 2014.

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