New Delhi, Oct. 25 -- Life Insurance Corporation (LIC) has increased its shareholding in FMCG majors Tata Consumer Products and Dabur India, as per exchange filings by both companies.

According to the exchange filing dated October 24, India's largest life insurer raised its stake in Tata Group's FMCG company Tata Consumer Product by 2 per cent to 8.645 per cent from 6.633 per cent.

However, despite the notable increase in LIC's shareholding, Tata Consumer Products' total equity share capital remains unchanged at 98,95,41,732 shares. This suggests that the change resulted from secondary market transactions rather than any fresh share issuance by the company.

On the other hand, the PSU increased its equity stake in Dabur India by 2.067 p...