LIC Raises Stake in Maruti Suzuki Above 5% in $8.2M Open‑market Acquisition

Deal Summary

Life Insurance Corporation of India (LIC) increased its stake in Maruti Suzuki to 5.006% by purchasing 51,750 shares on June 3, valued at about ₹67.6 crore ($8.2 million). The open‑market transaction lifts LIC’s holding above the 5% threshold, marking a significant stake increase amid a period of weakness for the automaker.