LIC raises stake in ONGC to 9.5 pct after auction

MUMBAI (Reuters) – State-owned Life Insurance Corp’s (LIC) holding in state-run Oil and Natural Gas Corp has risen to 9.48 percent after a share sale auction in the company by the government last week. LIC has acquired 377.10 million shares, or 4.41 percent of the company, between Feb 8, 2011 and March 1, 2012, ONGC…

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