Life Insurance Corporation of India, as an institutional investor, has increased its holding in Tata Consumer Products and Deepak Nitrite by about 2 percentage points each.
In Tata Consumer Products, its holding rose from 5.06% to 7.06% since May 2, 2022. Through the open market, LIC purchased more than 1.86 crore shares of the second-largest tea company globally at an average cost of ₹770.69 each.
LIC’s holding in specialty chemicals maker Deepak Nitrite increased from 5.02% to 7.08% in about nine and a half months from September 28. During this period, it purchased from the open market more than 28.11 lakh shares at an average price of ₹2,152.73 each.
On the BSE, Deepak Nitrite shares closed on Wednesday at ₹1,935.70 apiece, while Tata Consumer Products shares closed at ₹842.60 each.