LIC increases its shareholding to 5% in HDFC

New Delhi: Life Insurance Corporation (LIC) stated in a regulatory filing on Monday that it has increased its shareholding in Housing Development Finance Corporation (HDFC) Limited from 4.99 percent to 5.003 percent of the paid-up capital of HDFC. "There is a marginal increase of 0.012 percent on its holding dated December 12 at an average cost of Rs 2,673.84," it added. LIC bought HDFC shares via open market purchase. The market capitalisation of HDFC stands at Rs 4,85,507.80 crores, stated the mandatory filing.

"Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that Corporation's shareholding in Housing Development Finance Corporation Limited has increased from Rs 9,09,41,010 to Rs 9,11,55,010 equity shares increasing its shareholding from 4.991% to 5.003% of the paid-up capital of the said company," stated the filing.

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