Life Insurance Corporation of India (LIC) has increased its stake in Apollo Tyres Ltd. to 5.03%, up from 4.983%, following an open market purchase of 300,000 shares.
The acquisition brings LIC’s total holding to 31,950,845 shares in Apollo Tyres. This transaction was finalized on October 3, 2024, as per the latest disclosure made by LIC under SEBI’s (Substantial Acquisition of Shares and Takeovers) Regulations. The company’s total equity share capital remains unchanged at 63,51,00,946 shares post-acquisition.
LIC Shares: Life Insurance Corporation of India (LIC) shares closed at ₹970 on October 4, 2024, up by 0.27% from the previous close of ₹967.35. The stock reached an intraday high of ₹982 and a low of ₹960.70. The total traded volume stood at 13.45 lakhs with a traded value of ₹130.68 crores. LIC’s market capitalization is valued at ₹6,13,524.78 crores, with a 52-week high of ₹1,222 (recorded on August 1, 2024) and a 52-week low of ₹597.35 (on October 26, 2023). The stock’s current P/E ratio stands at 14.63, and it belongs to the NIFTY NEXT 50 index under the “Life Insurance” industry.
Apollo Tyres Shares: Apollo Tyres shares closed at ₹511, experiencing a decline of 2.81% from the previous close of ₹525.80. The stock opened at ₹525 and hit a high of ₹526.70 and a low of ₹508.65 during the trading session. The stock saw a traded volume of 26.65 lakhs with a total traded value of ₹137.32 crores. Apollo Tyres’ total market capitalization is ₹32,453.66 crores, and it trades within the NIFTY MIDCAP 100 index under the “Tyres & Rubber Products” sector. Its 52-week high was ₹584.90 on September 26, 2024, and the low was ₹366 on October 4, 2023. The adjusted P/E ratio is 19.47.
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