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LIC Buys Over 2% Stake In BPCL For Nearly Rs 1,598 Crore


The state-owned life insurance behemoth in a regulatory filing on Tuesday said its shareholding in BPCL has increased from 7.03% to 9.04% of the paid-up capital of the company.

As per SEBI’s regulatory norm, listed companies have to disclose shareholding in excess of 2%.

BPCL has a market capitalisation of Rs 67,301 crore, which is in the refining of crude oil and marketing of petroleum products.





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