The country's largest insurer Life Insurance Corporation (LIC) has raised its stake in state-run Canara Bank to 5.08 per cent through open market transactions estimated over Rs seven crore.
In a disclosure to the Bombay Stock Exchange, Canara Bank said, state-run LIC has acquired 4.24 lakh shares, representing 0.10 per cent stake in the bank via market purchase on January 29. Based on the closing price of Canara Bank as on January 29, the deal value comes to Rs 7.51 crore. Post acquisition, LIC now holds 2.08 crore shares representing 5.08 per cent stake in the PSU lender. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
