New Delhi, Jan. 14 -- Life Insurance Corporation of India (LIC), insurance behemoth and India's biggest institutional investor, raised its stake in the pharma company Sun Pharma, taking its holding to above 5%, according to the latest exchange filing dated January 14.

LIC bought 2,02,500 shares of Sun Pharma from the open market, amounting to a 0.008% stake, from the open market on January 13. With this, LIC's stake in the blue-chip pharma stock has jumped to 5.004% from 4.996% earlier.

At the end of the September quarter, LIC held 10.12 crore shares or a 4.22% stake in the company, showed data from BSE. The December quarter shareholding pattern is yet to be released. As of the second quarter of financial year 2025-26 (FY26), promoters ...