LIC acquires 7.78 lakh shares in Cairn India

SME News, Wednesday, Jun 27, 2012 15:30:24 PM IST

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CHENNAI: State insurer Life Insurance Corporation of India (LIC) has acquired 7.78 lakh shares or 0.041 per cent in Cairn India.

Now, after this acquisition, LIC's stake in Cairn India has risen to 5.029 per cent.

The promoters holding, at the end of March 31, 2012, stood at 58.86 per cent, while MFs including UTI had an exposure of 2.02 per cent. The stake of financial instutions and banks stood at 4.87 per cent while foreign institutional investors' at 7.35 per cent.

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