LIC raises holding in agrochem firm PI Industries by 5%.

Economy Business

Life Insurance Corporation (LIC) of India said its stake in PI Industries as an institutional investor has gone past the 5% mark after it acquired 72,000 shares of the agrochemicals firm from the open market at an average cost of ₹3,558.29 each. PI Industries is a leading player in the agro-chemicals space, having strong presence in both domestic and export markets. It has state-of-the-art facilities in Gujarat having integrated process development teams with in-house engineering capabilities. The market capitalisation of the company is Rs 53,488.98 crore, LIC said in a filing.


      The holding was raised, as an investment function, from 4.95% (75,19,910 shares) to 5% (75,91,910 shares) on May 30 with share pricing cost at Rs 3,551.15 per share.

     

     

 

     


About LIC

Chairperson - Shri. Siddhartha Mohanty
HQ - Mumbai
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