The Life Insurance Corporation of India (LIC) has announced an increase in its equity shareholding in the Indian Railway Catering and Tourism Corporation Ltd. (IRCTC). LIC’s shareholding has risen from 5,82,22,948 shares to 7,43,79,924 shares, representing an increase from 7.278% to 9.298% of the paid-up capital of IRCTC.
This strategic move enhances LIC’s investment portfolio and reinforces its position in IRCTC, a prominent player in the railway catering and tourism sector. The increased shareholding was disclosed in a regulatory filing in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The details of this transaction are available in the annexure attached to the filing. LIC has also made this information available on its official website.
