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LIC raises stake in Union Bank of India to 5.04 percent

Wed Nov 12, 2008 4:56pm IST
 
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MUMBAI, Nov 12 (Reuters) - Union Bank of India (UNBK.BO: Quote, Profile, Research) said on Wednesday Life Insurance Corporation of India has acquired a further 1 million shares, or 0.2 percent stake, in the company from the open market, to raise its total holdings to 5.04 percent.

Union Bank shares ended at 157.10 rupees up 0.22 percent in the Mumbai market.

(Editing by Prem Udayabhanu)

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