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Question

Recently which public sector insurance company has increased its stake in Hero MotoCorp Ltd from 9.163 per cent to 11.256 per cent?

A New India Assurance Company Limited Correct Answer Incorrect Answer
B United India Insurance Company Limited Correct Answer Incorrect Answer
C National Insurance Company Limited Correct Answer Incorrect Answer
D General Insurance Corporation of India Correct Answer Incorrect Answer
E Life Insurance Corporation of India Correct Answer Incorrect Answer

Solution

Life Insurance Company (LIC) has increased its stake in Capri Global Capital Ltd from 5.04 per cent to 7.06 per cent and Hero MotoCorp Ltd from 9.163 per cent to 11.256 per cent. It has also increased its stake in fast moving consumer goods giant Hindustan Unilever Limited from 4.995 per cent to 5.008 per cent at an average cost of Rs 2,206.93. Hindustan Unilever Limited is a consumer goods company headquartered in Mumbai, India. It is a subsidiary of Unilever, a British company. Its products include foods, beverages, cleaning agents, personal care products, water purifiers and other fast-moving consumer goods.

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