LIC increases its stake in Nestle India
DSIJ Intelligence / 23 Aug 2017
Life Insurance Corporation has bought 40,000 shares of Nestle India in an open market purchase on August 21, 2017.
Life Insurance Corporation has bought 40,000 shares of Nestle India in an open market purchase on August 21, 2017.
This has added 0.41% stake to its existing stake of 4.97% in Nestle India.
According to a BSE filing, LIC was earlier holding 4.7 lakh shares in Nestle India that has now increased to 5.1 lakhs.
Nestle India is a FMCG major involved in manufacturing of milk food, chocolates, prepared dishes and beverages.
In today’s trade the stock opened at Rs 6,670 and touched a high and low of Rs 6,690 and Rs 6,641, respectively. At 1045 hours the stock was quoting at Rs 6,648 per share.
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