 "LIC picks up a third of Nalco shares divested by govt")
The government had on March 15 raked in over Rs 620 crore through sale of its 6% stake in the Odisha-based aluminium producer Nalco.
Life Insurance Corporation of India, which had 5.040% stake in Nalco, bought additional 5,24,82,219, or 2.036%, stake through the OFS, Nalco said in a BSE filing.
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Following this, LIC now holds 182,365,523 shares or 7.076% stake in the company.
Nalco's shares were selling at Rs 37.25 apiece, down 1.46% during the afternoon trade in the BSE.
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