Tuesday, March 17, 2009

LIC HIKES STAKE IN CUMMINS INDIA TO 7.60%


 Life Insurance Corp of India said it has hiked its stake in engine manufacturer Cummins India to 7.60 per cent after buying additional shares worth Rs 72.22 crore through an open-market transaction. The country's biggest insurance service provider, LIC, purchased 43.22 lakh shares representing 2.18 per cent stake in engine manufacturer, Cummins India said in a filing to the Bombay Stock Exchange.

Prior to the transaction, LIC held 5.42 per cent stake in the company, while now it holds over 1.50 crore shares representing 7.60 per cent stake in Cummins India. Shares of Cummins India were trading at Rs 158.40, up 4.14 per cent on the BSE
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Privacy policy

Google, as a third-party vendor, uses cookies to serve ads on your site.

Google's use of the DART cookie enables it to serve ads to your users based on their visit to your sites and other sites on the Internet.

Users may opt out of the use of the DART cookie by visiting the Google ad and content network privacy policy.

We use third-party advertising companies to serve ads when you visit our website. These companies may use information (not including your name, address, email address or telephone number) about your visits to this and other websites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and would like to know your options in relation to·not having this information used by these companies, click here

Followers

Blog Archive