Life Insurance Corporation of India has bought 7.78 lakh shares or 0.041 per cent of Cairn India shares.
LIC's stake in Cairn India has risen to 5.029 per cent. According to a disclosure on the NSE, the financial major bought this on June 21. Cairn India stock was trading flat at Rs 330. The 52-week high and low of Cairn India are Rs 401.1 and Rs 249.3, respectively.
At the end of March 31, 2012, promoters holding stood at 58.86 per cent, while MFs including UTI had an exposure of 2.02 per cent. Financial institutions and banks stake stood at 4.87 per cent while foreign institutional investors' at 7.35 per cent. Just about 2.25 per cent being held by retail investors.