LIC raises stake to 7.06% in Baba Ramdev’s Patanjali Foods
New Delhi, March 11, 2025.Life Insurance Corporation of India (LIC) has increased its stake in Patanjali Foods, which is primarily engaged in the processing of oilseeds and the refining of edible oil, by about 2% through the open market.The insurance behemoth disclosed in a regulatory filing on March 5 that it bought 73 lakh shares of Patanjali Foods between November 25, 2024, and March 4, 2025. As a result of this transaction, LIC's overall stake in the company crossed 7%, reaching 7.06%.
