Hindustan Aeronautics Limited filed its latest shareholding data with the exchanges on Wednesday.

What Happened: As per the data from the Bombay Stock Exchange, India’s biggest insurer, LIC, raised its stake in the defence major during the April-June quarter. As of June 30, LIC owns around 1.36 crore shares or a 2.03% stake in the company. This is higher than the 1.89% stake it held at the end of the March quarter.

See Also: Ambuja Cements Shares Rebound After 3 Days As Nomura Upgrades Stock To ‘Buy’

On the other hand, foreign portfolio investors trimmed their stake in the company during the June quarter. Foreign portfolio investors currently hold around 11.68% stake in the public sector company. At the end of March, they held a 12.42% stake in the company.

Last month, HAL saw a major request for proposal from the Defence Ministry for 156 homegrown light combat helicopters, valued at ₹45,000 crore. HAL will submit a price quote to the Ministry of Defence, which will be followed by cost negotiations to finalise the deal. 

Price Action: HAL’s share price was down 0.03% to trade at ₹5,483.05 in early trade on Thursday.

Read Next: TCS Shares Upbeat Ahead Of Earnings: Here’s What To Expect