LIC hikes stake in Bharti Airtel to 5 pct

LIC has purchased 5 lakh shares,representing a 0.013 per cent stake in Bharti Airtel.

Life Insurance Corporation of India has hiked its stake in private telecom services provider Bharti Airtel to 5 per cent after acquiring shares worth Rs 13.17 crore.

LIC has purchased 5 lakh shares,representing a 0.013 per cent stake in Bharti Airtel,for Rs 13.17 crore through an open market transaction,the telecom services provider said in a regulatory filing to the Bombay Stock Exchange.

The state-owned life insurer acquired the shares on June 30.

Prior to the acquisition,LIC held a 4.998 per cent stake in the company,while now it holds 5.011 per cent in Bharti Airtel.

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As per the March quarter shareholding pattern available on the BSE,LIC of India held a 4.76 per cent stake in Bharti Airtel.

Shares of Bharti Airtel were trading at Rs 270 on the BSE on Tuesday,up 1.12 per cent from the previous close.

Charlie Kirk fatally shot at Utah Valley University

‘Blood was pouring from his neck’: Eyewitnesses recall Kirk shooting at Utah University

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Charlie Kirk, co-founder of Turning Point USA, was shot and killed during a routine campus appearance at Utah Valley University. The shooter is still at large, and two individuals were briefly detained. Eyewitnesses described a chaotic scene as the crowd panicked. The attack has drawn comparisons to past political shootings, and authorities are investigating.

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