Life Insurance Corporation (LIC) has increased its stake in Bharat Forge Ltd by 2.02 percent by buying 47.12 lakh shares in the open market.

Bharat Forge has said in a regulatory filing that LIC, which earlier had 5 percent stake, has increased its shareholding in the company (Bharat Forge) to 7.02 percent through buying shares between December 12, 2015, and March 1, 2016, in Bharat Forge.

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