Nestle India share price edges higher as LIC raises stake in the packaged foods company
Shares of Nestle India gained over 2 percent in intra-day trade on Monday, May 26, following an announcement from Life Insurance Corporation of India (LIC) regarding an increase in its stake in the packaged foods major. The stake hike, which pushed LIC’s shareholding above the regulatory threshold of 5 percent, sparked renewed investor interest in…