Insurance very big Life Insurance Corporation of India ,LIC) is spending more than Rs 250 crore capri global To increase his stake in the company by 2%.

In a regulatory filing on Monday, LIC said the insurance provider’s stake in Capri Global has increased from 1,24,00,000 to 1,59,51,171 equity shares, thereby increasing its stake in the company’s paid-up capital from 7.052% to 9.072%. Has been. ,

These shares in Capri Global were acquired by LIC between June 10, 2022 and October 28, 2022 in the open market at an average cost of Rs 724.74, with a total cost of Rs 257.37 crore.

Capri Global caters to various segments like MSMEconstruction, finance, affordable housing and indirect retail lending segment, operating with a market capitalization of Rs 13,014 crore.

LIC shares closed at Rs 604 today BSE, up 1.86%. Capri Global closed 1.05% higher at Rs 750.50.

With inputs from PTI

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