Latest News

LIC increases its shareholding in Coforge Ltd by over 5%

Shareholding in Coforge Ltd has increased from 4.976 percent to 5.033 percent of the paid-up capital, said LIC in a regulatory filing

PSU Watch Bureau

New Delhi: Life Insurance Corporation (LIC) stated in a regulatory filing on Tuesday that the "corporation's shareholding in Coforge Ltd has increased from 30,38,803 to 30,73,908 equity shares, increasing its shareholding from 4.976 percent to 5.033 percent of the paid-up capital of the said Company."

"Market capitalisation of Coforge Ltd is Rs 23,917.14 crores," it added. "The shares were bought through open market purchase," said the filing. LIC bought securities at or close to the market price. It also stated that its "holding in the company crossed five percent on January 16 and acquisition of shares was done at an average cost of Rs 3,901.28."

Adding to this, the filing also stated that Coforge is an IT services company, providing end-to-end software solutions and services.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

NTPC celebrates 50th Raising Day, marking five decades of powering India’s Growth

Power Minister reviews power sector scenario of Haryana, Chandigarh

Rajasthan Govt signs MoUs worth Rs 63,463 crore in mines and petroleum sector

RBI includes spot deals to expand forex reporting requirements

SCI Q2 net profit jumps multi-fold to Rs 291.44 crore