LIC Increases Stake in Tata Consumer and Dabur

LIC, a big insurance company in India, has bought more shares in two major food and consumer goods companies: Tata Consumer Products and Dabur India.

They increased their ownership in Tata Consumer Products by 2%, and now own 8.645% of the company.

LIC also bought more shares of Dabur India, increasing their stake by over 2%, and now own 6.985% of the company.

This means LIC now owns a bigger part of these companies.

The increase in Tata Consumer's shares happened through buying shares already available on the market, not from the company issuing new shares.

The purchase of Dabur shares happened over a period of time.