2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rs. 535 crore
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Rs. 635 crore
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Rs. 935 crore
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Rs. 735 crore
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Detailed explanation-1: -Life Insurance Corporation of India (LIC) has increased its shareholding in Voltas by buying an additional 2 per cent stake. LIC said it acquired Voltas’ shares worth Rs 634.50 crore through open market transactions during the period from August 10 to November 4, 2022.
Detailed explanation-2: -As on 31-03-2023, the company has a total of 632.50 Crore shares outstanding.
Detailed explanation-3: -LIC’s top holding includes IDBI Bank with 49.24 per cent equity ownership, LIC Housing Finance (45.24 per cent), Standard Batteries (19.99 per cent), Modella Woollens (17.31 per cent) and Cochin Malabar Estates & Industries (16.77 per cent). Also read: UCO Bank shares more than double in four months; buy, sell or hold?
Detailed explanation-4: -Promoters. 96.50% Retail And Others. 2.59% Mutual Funds. 0.63% Other Domestic Institutions. 0.20% Foreign Institutions. 0.08%