LIC Gains Rs 531 Crore in a Day as Trent Shares Surge 13%, Stake Value Nears Rs 4,700 Crore
Life Insurance Corporation of India added more than Rs 531 crore to the value of its Trent holding in a single trading session after the retailer’s shares jumped sharply on the back of a strong quarterly business update. The rally lifted Trent’s market capitalisation by over Rs 17,540 crore and pushed LIC’s stake value in the Zudio parent closer to Rs 4,700 crore.
