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LIC trims stake in Raymond to 5.53 pc

Press Trust of India  |  New Delhi 

State-owned Corporation (LIC) has reduced its stake in fabrics and garments firm Ltd by 2.01 per cent, by selling 12.34 lakh shares in the open market.

LIC, which had 7.54 per cent stake earlier, brought down its shareholding in the company to 5.53 per cent by selling shares between March 15, 2012, and October 10, 2016, said in a filing to the BSE.



Shares of were trading at Rs 579.95 apiece, down 0.14 per cent, on the BSE.

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

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LIC trims stake in Raymond to 5.53 pc

State-owned Life Insurance Corporation (LIC) has reduced its stake in fabrics and garments firm Raymond Ltd by 2.01 per cent, by selling 12.34 lakh shares in the open market. LIC, which had 7.54 per cent stake earlier, brought down its shareholding in the company to 5.53 per cent by selling shares between March 15, 2012, and October 10, 2016, Raymond said in a filing to the BSE. Shares of Raymond were trading at Rs 579.95 apiece, down 0.14 per cent, on the BSE. State-owned Corporation (LIC) has reduced its stake in fabrics and garments firm Ltd by 2.01 per cent, by selling 12.34 lakh shares in the open market.

LIC, which had 7.54 per cent stake earlier, brought down its shareholding in the company to 5.53 per cent by selling shares between March 15, 2012, and October 10, 2016, said in a filing to the BSE.

Shares of were trading at Rs 579.95 apiece, down 0.14 per cent, on the BSE.

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

image
Business Standard
177 22

LIC trims stake in Raymond to 5.53 pc

State-owned Corporation (LIC) has reduced its stake in fabrics and garments firm Ltd by 2.01 per cent, by selling 12.34 lakh shares in the open market.

LIC, which had 7.54 per cent stake earlier, brought down its shareholding in the company to 5.53 per cent by selling shares between March 15, 2012, and October 10, 2016, said in a filing to the BSE.

Shares of were trading at Rs 579.95 apiece, down 0.14 per cent, on the BSE.

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

image
Business Standard
177 22