LIC’s stake in CONCOR rose by 2.028% between September
6, 2024, and January 21, 2025. In September, LIC held 4.74 crore shares, which
accounted for a 7.78% stake in the company. As of January 21, this shareholding had increased to 5.97 crore shares,
representing a 9.809% stake.
In January alone, LIC acquired nearly 40 lakh
additional shares of CONCOR. The insurer’s stake at the end of the December
2024 quarter was reported at 5.57 crore shares, which then increased to 5.97
crore shares by January 21. This
acquisition was made through open market purchases, reflecting LIC’s confidence
in CONCOR’s prospects.