LIC trims stake in Ashok Leyland by 2%

State-owned Life Insurance Corp (LIC) has reduced stake in commercial vehicle manufacturer Ashok Leyland by 2 per cent by selling 5.71 crore shares in the open market.
LIC, which had 7.31 per cent stake earlier, brought down its shareholding in the company to 5.30 per cent by selling shares between November 4, 2014, and October 16, 2015, Ashok Leyland said in a BSE filing.
Shares of Ashok Leyland were trading at Rs 96.10, up 0.16 per cent on BSE in the afternoon trade.