 "LIC sells 2% stake in pvt lender ICICI Bank via open market transactions")
Country's largest insurer Life Insurance Corporation (LIC) has sold 2 per cent stake in private sector lender ICICI Bank through open market transactions.
The insurer sold 13.8 crore shares, representing 2.002 per cent stake of ICICI Bank, over a period of November 27 to December 24, 2020, the bank said in a regulatory filing.
Following the stake sale, LIC's holding in the bank has reduced to 6.74 per cent from 8.74 per cent earlier, it said.
Shares of ICICI Bank on Monday closed 1.28 per cent higher at Rs 520.20 on the BSE.
(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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