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- Life Insurance Corporation of India (LIC) has increased its equity stake in Hindustan Unilever.
- LIC’s stake in Hindustan Unilever Limited (HUL) has crossed 5 per cent.
- LIC has increased its shareholding in HUL from 4.99% to 5.01% of the paid-up capital of the company.
- LIC acquired additional shares on 12 April at an average cost of Rs 2,248.59 per unit.
- Hindustan Unilever Limited (HUL) is a subsidiary of the British company Unilever.
- It was established in 1931 as Hindustan Vanaspati Manufacturing Co.
- It is headquartered in Mumbai. It is a consumer goods company.
- Life Insurance Corporation (LIC) was formed in September 1956. It is headquartered in Mumbai. Its slogan is yogakshemam vahamyaham.
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