LIC invests, mutual funds increase stake in THIS healthcare firm; have you invested?
Zee News
LIC has invested in Dr Lal PathLabs in the quarter ending with December 2021.
New Delhi: Life Insurance Corporation (LIC) of India has invested in Dr Lal PathLabs in the quarter ending with December 2021. The news of the country’s largest insurer buying the stake in the diagnostics and healthcare tests chain buoyed shares of Dr Lal PathLabs.
On Thursday (January 13), Dr Lal PathLabs shares surged 2.59% to Rs 3,768. On Wednesday, the shares of the diagnostics and healthcare tests chain had closed at Rs 3,673 on BSE. With the rise in the share prices of Dr Lal PathLabs, the company’s market capitalisation jumped to Rs 31,187 crore.
However, according to the latest shareholding pattern of Dr Lal PathLabs for the quarter ended December 2021, LIC has bought a 1.12% stake or 9,31,246 equity shares in the diagnostic services retail chain.
