Delhi-based venture capital fund raises stake in this LIC-owned NBFC stock. Check details
The selloff in the Indian stock market and profit booking after a stellar run over the last few days likely promoted a decline in the small-cap stock, which is part of Life Insurance Corporation of India's (LIC) portfolio.
According to a filing shared by Paisalo Digital, the Delhi-based venture capitalist Equilibrated Venture CFlow acquired 74,70,000 shares of the company via the open market, representing a 0.82% stake. The stake was acquired by the company on July 24 and July 25, as per the filing.
With this, Equilibrated Venture CFlow's stake in the LIC-owned NBFC stock rose to 16.50% from 15.67% earlier.
According to the latest shareholding pattern filed by the company earlier this month, LIC owns a 1.12% stake or 77,59,511 shares. Another PSU life insurer, SBI Life Insurance, holds an 8.96% stake.
The small-cap NBFC stock also remained in focus this entire week following the announcement of its Q1 results for FY26 and dividend record date.
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