MUMBAI: State-run Life Insurance Corp of India (LIC) has raised its stake in engine maker Cummins India Ltd by 2.18 percent via open market
purchases, the insurer said in a statement to the stock exchange on Monday.

LIC acquired 4.3 million Cummins India shares between Jan 29 and March 3, it said in a filing to the stock exchange. It holds 7.6 percent, as opposed to 5.42 percent before the transactions. Cummins India shares were up 3.88 percent at 158 rupees in the Mumbai market at 12:26 p.m. India time.