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LIC trims stake in Raymond to 5.53 pc

Press Trust of India  |  New Delhi 

State-owned Corporation (LIC) has reduced its stake in fabrics and garments firm Ltd by 2.01 per cent, by selling 12.34 lakh shares in the open market.

LIC, which had 7.54 per cent stake earlier, brought down its shareholding in the company to 5.53 per cent by selling shares between March 15, 2012, and October 10, 2016, said in a filing to the

Shares of were trading at Rs 579.95 apiece, down 0.14 per cent, on the

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, October 14 2016. 13:32 IST