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LIC sells 2% stake in Mahindra & Mahindra

IANS  |  Mumbai 

The on Saturday said the Corporation of (LIC) has brought down its stake to less than 10 per cent in the company by divesting around two per cent of its holding in the firm.

After the stake sale, the life insurer now has 9.958 per cent stake in the company, it said in a regulatory filing.

The LIC earlier had 11.95 per cent stake in the company, it added.

The firm has sold more than 1.24 crore shares through market sale, the company added.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, July 15 2017. 21:02 IST
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