News From Press LIC buys 40,000 shares of Nestle India, stake rises to 5.01%

LIC buys 40,000 shares of Nestle India, stake rises to 5.01%

Source: Mint Aug 23, 2017

Life Insurance Corp. of India (LIC) has acquired 40,000 shares of FMCG major Nestle India Ltd through an open market purchase, a move that has pushed its stake in the Indian arm of the Swiss food company to 5.01%. LIC previously had 4,79,54,35 shares in Nestle India, accounting for 4.97%, according to a BSE filing.

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