LIC purchases Rs 300 crore Infosys shares in Q4
State-asserted life underwriter LIC has shored up its stake in Infosys to 4.81 each penny, purchasing shares worth over Rs 300 crore in the January-March quarter.
This is the fourth progressive quarter of offer purchase by LIC in the item organizations firm.
LIC held 4.69 each penny stake in Infosys in the midst of the October-December quarter and extended that to 4.81 each penny as of March 31, 2015, as indicated by latest data open with the stock exchanges.
Considering the present business estimation of Infosys shares, the 0.12 rate point trek in LIC\'s holding in the association would be worth about Rs 317 crore. Infosys shares close at Rs 2,182 on Friday.