LIC of India raises marginal stake in Tech Mahindra

Life Insurance coverage Company of India (LIC) on Friday 22 April 2022 purchased 85,000 fairness shares or 0.09% stake in Tech Mahindra.

Following the transaction, Life Insurance coverage Company of India (LIC) elevated its stake to 4.86 crore fairness shares or 5.001% stake from 4.85 crore fairness shares or 4.992% stake. The deal was executed as a market purchase.

As per stories, the a lot awaited Preliminary Public Providing of Life Insurance coverage Company of India (LIC) is prone to open on 4th Might 2022 and shut on ninth Might 2022. Sarkar LIC IPO value is prone to be Rs 950-1,000 every year. share. By in search of Rs 21,000 crore from the proposed IPO, the federal government targets a valuation of Rs 6 trillion for the insurer.

The IT companies firm reported a progress of 6.82% in consolidated internet revenue at Rs 1,378.20 crore on account of 18.69% progress in income from operations in Q3 December 2020 over Q3 December 2021.

Tech Mahindra is targeted on leveraging subsequent era applied sciences, together with 5G, blockchain, cyber safety, synthetic intelligence, and extra, to allow end-to-end digital transformation for world prospects.

Share of Tech Mahindra rose 0.38% to Rs 1,275.75 on BSE.

operated by Capital Markets – Reside Information

(This story has not been edited by Enterprise Customary workers and is mechanically generated from a syndicated feed.)

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