LIC's current stake in Maruti Udyog Private Limited is up at 14.8%

The state owned Life Insurance Corporation of India (LIC) the Largest player in the Insurance sector has increased its stake from 10.3% to 14.8% in Maruti Udyog Ltd

LIC is looking at investing up to Rs 10,000-11,000 crore in equity markets this year. They have already invested about Rs 2,000 crore in the current financial year. LIC, which was already holding about 10.3% stake in Maruti, was allotted 1.3 crore Maruti shares at Rs 800 per share, thereby taking its stake to 14.8%.