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LIC pares 2% of its stake in Mahindra & Mahindra, brings it down to 10%

The insurance firm has sold over 1.2 crore shares through market sale: M&M

Press Trust of India  |  New Delhi 

LIC, life insurance
The state-owned life insurance company benefited from the 17% Sensex rally during the year. Its profits from equities increased 72%

today said (LIC) has divested 2 per cent stake in the company.

Post the stake sale of the 2.001 per cent shares, LIC now has 9.958 per cent stake in the company, M&M said in a filing to BSE.


LIC earlier had 11.959 per cent stake in the company, the company added.

The insurance firm has sold over 1.2 crore shares through market sale, M&M said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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