Rural Electrification Corporation, in a disclosure to the exchanges, said that Life Insurance Corporation of India has increased its stake in the company to 7.029 per cent. Between May 27, 2013 and June 3, 2015, LIC's stake rose to over 7 per cent from 5.006 per cent. However, the company’s latest shareholding pattern ending March 2015, revealed LIC's stake at 3.13 per cent. The stock could see traction following LIC buying.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.