Australia's Lifestyle Communities rises most in six years on premium stake buy

Lifestyle Communities

13/03/2026 04:21

** Shares of Australia's Lifestyle Communities LIC.AX rise as much as 19.4% to A$5.41, their biggest intraday gain since late March 2020

** Stock at its highest level since February 25

** Hometown Australia, a unit of a U.S.-based company, bought 11.9 million Lifestyle shares at $4.90 apiece

** Stock at 8.2% premium to co's last close

** LIC stock up 5.7%, YTD

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.singhchundawat@thomsonreuters.com))