LIC purchases INR174 crore shares of Ultratech Cement

LIC purchases INR174 crore shares of Ultratech Cement
Published: 18 June 2009

Life Insurance Corporation (LIC) of India has purchased 24lakh share of Ultratech Cement worth INR174 crore through an open market transaction. Prior to the said buyout, LIC held over 58.14 lakh shares, while now it holds over 82.14 lakh shares of Ultratech Cement.
Shares of Ultratech Cement today settled at INR711.95, down 0.24  per cent on the Board Stock Exchange(BSE).