LIC’s Stake in SRF Ltd Hits 5% After Open Market Acquisition

Life Insurance Corporation of India (LIC) has announced in a stock exchange filing that the company increased its shareholding in SRF Limited.

LIC’s equity stake rose from 4.97% (1,47,36,943 shares) to 5.00% (1,48,30,443 shares), following the acquisition of 93,500 shares through an open market purchase on December 13, 2024. The shares were acquired at an average cost of ₹2,272.956 each.

About SRF Limited

SRF Limited, established in 1970, operates in the speciality chemicals sector, with a market capitalisation of ₹68,222.17 crore. The company manufactures and markets a wide range of products, including technical textiles, speciality chemicals, packaging films, aluminium foils, and polymers. Over the years, SRF has become a key player in the speciality chemicals industry, catering to both domestic and global markets.

On December 17, 2024, SRF share price opened at ₹2,306.60, touching the day’s low at ₹2,289.55, as of 9:39 AM on the NSE.

About LIC

Life Insurance Corporation is the largest insurance provider company in India. It has a market share of above 66.2% in new business premiums. The company provides participating insurance products and non-participating products like saving insurance products, unit-linked insurance products, health insurance, term insurance products, and annuity & pension products.

On December 17, 2024, LIC share price opened at ₹931.40, touching the day’s high at ₹934.80, as of 9:39 AM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.