![LIC Buys Stakes in Voltas LIC Buys Stakes in Voltas](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhPfjA7rFV9X_FxkkQ2uuj21w-7aGaHMYQOh4e5_A7L1gly1sq3h8-ZAj1woGCpgagQ8fSQf2rslELXNvm9dCD_krePVllOlguwK3sBOll2WMnBe97QgFmXBTYQvaPeACLXqaxpqazbrO8xPO4STlh9D2VxUhEd65iPScylYGWdD9FaxMd44NS5ucO6IQ/w320-h240-rw/LIC%20Buys.jpg)
- The LIC increased its share from 6.862% (2,27,04,306 shares) to 8.884% (2,93,95,224 shares).
- According to the LIC, Voltas’ shares worth INR 634.50 crores were bought by LIC through open market transactions during the period from 10th August to 4th November 2022.
- The LIC said that the average price of one share bought was INR 948.31.
- Voltas is home appliances and consumer electronics-based Indian MNC that was established in 1954 with its headquarters in Mumbai. The current CEO of the company is Pradeep Bakshi.
- LIC is a Government of India-owned insurance company that was established in 1956 with its headquarters in Mumbai. The current Chairperson of the company is M R Kumar.
Question:
Q.1 Recently LIC bought additional 2% stakes in which Indian MNC?a. Bajaj
b. Voltas
c. Dabur
d. Suzlon Energy