LIC boosts stake in Hindustan Unilever

Hindustan Unilever: According to the filing, the stake was raised from 4.99% to 5.01%.

The Life Insurance Corporation of India (LIC), the country’s largest life insurance company, has recently increased its stake in FMCG giant Unilever, as disclosed in an exchange filing on April 15th.

Incremental Increase

According to the filing, LIC’s stake in Unilever has risen from 4.99 percent to 5.01 percent. This move reflects a subtle but notable increase in the insurance behemoth’s ownership of the FMCG major.

Regulatory Disclosure

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The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing highlighted the specifics of the increase in LIC’s shareholding, indicating a shift from 11,74,63,555 to 11,77,18,555 equity shares, representing a 4.99% to 5.01% stake in Hindustan Unilever.

Market Dynamics

The shares were acquired through an open market purchase, reflecting LIC’s confidence in the long-term prospects of Hindustan Unilever. The FMCG company, with a market capitalization of Rs 5.15 lakh crore as of April 15th, holds a prominent position in the Indian market.

LIC’s decision to bolster its stake in Hindustan Unilever underscores its strategic investment approach and confidence in the growth trajectory of one of India’s leading FMCG players. 

This move could potentially signal positive sentiment towards Hindustan Unilever among institutional investors and may have implications for the company’s future performance in the market.