Key facts
- LIC purchased 51,750 shares of Maruti Suzuki.
- LIC's stake in Maruti Suzuki now exceeds 5%.
- The transaction was a market purchase.
- Maruti Suzuki's stock has declined this year.
Life Insurance Corporation of India (LIC) has increased its shareholding in Maruti Suzuki, crossing the 5% ownership threshold. The insurer acquired 51,750 shares through a market transaction. This investment activity by LIC comes at a time when Maruti Suzuki's stock has experienced a decline over the course of the year. The move indicates LIC's continued engagement in the market despite prevailing volatility.