Profit

Life Insurance Corporation Hikes Stake In Bata

 Share
EMAIL
PRINT
COMMENTS
Life Insurance Corporation Hikes Stake In Bata

LIC had a 5.02% stake in Bata India earlier.


New Delhi: State-owned Life Insurance Corporation (LIC) has hiked its stake in footwear major Bata India by 2.03 per cent, taking its total shareholding to 7.05 per cent in the company.

LIC bought 26.11 lakh shares, amounting to a 2.03 per cent stake, from open market during January 20 to December 8, 2016, according to a regulatory filing.

LIC had a 5.02 per cent stake in Bata India earlier. 

For the second quarter ended September, Bata India reported a 36.35 per cent fall in net profit at Rs 34.59 crore as against a net profit of Rs 54.35 crore in the year-ago period.

However, its total income from operations increased by 1.56 per cent to Rs 583.74 crore from Rs 574.73 crore during the corresponding period a year ago. 


Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.

NDTV Beeps - your daily newsletter

................................ Advertisement ................................

................................ Advertisement ................................

................................ Advertisement ................................

Top