LIC acquires 16.40 million shares of Cipla via market purchase
This story was originally published at 13:27 IST on 1 December 2025
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MUMBAI – Cipla Ltd. Monday said Life Insurance Corp. of India has acquired 16.40 million shares, or 2.03% stake in the company, through a market purchase between Jul. 17 and Nov. 27. Following the acquisition, LIC's stake in Cipla has increased to 7.06% from 5.03% earlier, according to an exchange filing.
For the September quarter, LIC had reported a net profit of INR 100.53 billion on a net premium income of INR 1.26 trillion and Cipla reported a consolidated net profit of INR 13.51 billion on a revenue of INR 75.89 billion. At 1320 IST, shares of LIC were 0.6% down at INR 889.35, while those of Cipla were 0.2% down at INR 1,527.50 on the National Stock Exchange. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Vaibhav Ranpise
Edited by Akul Nishant Akhoury
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