The share price of India’s biggest IPO company LIC has fallen by 12.05% in the last week. Today LIC’s share is trading at Rs 709.70 while an IPO of Rs 949 is at a discount of around 25% to the issue price.
On Wednesday 8 June 2022, LIC informed the exchange that LIC has purchased 2 lakh additional equity shares in Zee Entertainment Enterprises Ltd at a price of Rs 247.25 through Open Market Purchase. And now LIC holds a total of 4,81,10,464 Equity Shares which is 5.008% of the paid-up capital of Zee Entertainment Enterprises Limited Company.
Earlier LIC held 4,79,10,464 shares in Zee Entertainment Enterprises Limited which was 4.988% of the paid-up capital of Zee Entertainment Enterprises Limited Company.
Zee Entertainment Enterprises is an Indian media conglomerate that operates 45 channels worldwide and has a market cap of Rs 23192 crore.
Read Also: RBI Monetary Policy: RBI hikes repo rate to 4.90%, inflation at 6.7, GDP growth forecast at 7.2% in FY23
Read Also: Nifty and Sensex up 2% as FIIs and DIIs turn net buyers
LIC share price – Financials
|52 Week High||949.00|
|52 Week Low||708.05|
|Mkt Cap (Rs. Cr.)||448,885|
|Book Value Per Share||16.46|
Read Also: FIIs sell-off 275000 crores in Indian market in 5 months, pulled out more than they brought in 12 years
|Net Profit 2022 (Rs. Cr.)||4,043|
|Debt to equity (2022)||0.00|
|Revenue 2022 (Rs. Cr.)||720,514|
|Dividend/Share (INR) (Mar 2022)||1.50|
Read Also: Market slips amid rate hikes by central banks RBI, BoE, Fed
Read Also: Power cuts due to coal shortage in India, Coal produces 77 percent of electricity in nation