LIC offloads 2% stake in Mahindra & Mahindra for Rs 2,222.49 cr
After the sale, the LIC holding in the passenger cars and utility vehicles company decreased from 8.430 per cent to 6.421 per cent, it said.
The average cost of 2,49,73,233 shares sold, it said, was Rs 889.95 crore.
Under Sebi norms, listed companies are required to intimate the stock exchanges when their shareholding in an entity changes by 2 per cent or more.
On the BSE, shares of LIC rose 0.39 per cent to close at Rs 682.65 apiece while that of fell 0.46 per cent to Rs 1,269 apiece.
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest Education News Click Here
For the latest news and updates, follow us on Google News.