LIC sells 2 % stake in Ashok Leyland

LIC sells 5.71 crore shares in the open market

Life Insurance Corp (LIC) has reduced its stake in Ashok Leyland by two 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, according to Ashok Leyland's disclosure to BSE.