LIC has increased its shareholding in Voltas by buying an additional 2 per cent

Question

LIC has increased its shareholding in Voltas by buying an additional 2 per cent stake by acquiring shares worth how much through open market transactions?

Options:

A . Rs. 535 crore

B . Rs. 635 crore

C . Rs. 935 crore

D . Rs. 735 crore

Answer: Option B
LIC buys an additional stake in Voltas for Rs 635 crore. Life Insurance Corporation of India (LIC) has increased its shareholding in Voltas by buying an additional 2 per cent stake.

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