Life Insurance Corporation of India (LIC) sold 80,39,091 equity shares or 2.017% stake of Gujarat State Fertilizers & Chemicals (GSFC) from 23 June 2014 to 8 April 2022.
Post transaction, Life Insurance Corporation of India (LIC) decreased its shareholding to 2,41,42,861 equity shares or 6.059% stake from 3,21,81,952 equity shares or 8.076% stake held earlier in NHPC. The deal was executed as market sale.Shares of GSFC were trading 2.56% lower at Rs 175.30 on BSE in morning trade.
GSFC manufactures fertilizers and industrial chemicals. The company reported a 152% jump in consolidated net profit to Rs 245.53 crore in Q3 FY22 from Rs 97.25 crore posted in Q3 FY21.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app