LIC hikes stake in Capri Global Capital to over 7% for Rs 221 cr

Acquires about 3.6 mn shares at an average price if Rs 624.61 a share

Country’s largest domestic institutional investor, Life Insurance Corporation (LIC), has increased its stake in Capri Global Capital Ltd, a diversified non-banking finance company, from 5.04 per cent to 7.06 per cent at an average cost of Rs 624.61 per share, it informed the stock exchanges on Tuesday.  

In a notification, the life insurance behemoth noted that the corporation's shareholding in Capri Global Capital Ltd has increased from 8.8 million shares to 12.4 million equity shares increasing its shareholding from 5.043 per cent to 7.059 per cent of the paid-up capital of the said company.

The acquisition of the additional 2