LIC-Backed EV Company Secures Order for 500 Electric Buses from MTC; LIC Increases Stake for Two Consecutive Quarters LIC-Backed EV Company Secures Order for 500 Electric Buses from MTC; LIC Increases Stake for Two Consecutive Quarters FIIs increased their stake from 22.03 per cent to 24.39 per cent in Q2FY25. Rakesh Deshmukh / Friday, October 25, 2024 / Article rating: 3.8 FIIs increased their stake from 22.03 per cent to 24.39 per cent in Q2FY25.