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LIC raises stake in Coal India to 9.4%
The PSU which accounts for over 80 percent of the domestic coal production is eyeing 600 million tonnes of output in the ongoing fiscal.
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New Delhi: Insurance behemoth Life Insurance Corporation (LIC) of India has hiked stake in state-owned Coal India to 9.4 percent, the coal major said.
Coal India (CIL) said in a filing to BSE that LIC bought 2 percent share in the PSU through Open Market Purchase from "January 1, 2015 -October 31, 2017."
The PSU which accounts for over 80 percent of the domestic coal production is eyeing 600 million tonnes of output in the ongoing fiscal.
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