Business Standard

LIC pares its holding in DCM Shriram Industries by over 2% to 4.66%

DCM Shriram Industries is primarily engaged in production and sale of sugar, alcohol and industrial fibres

LIC. life insurance corporation

Photo Credit: Ruby Sharma

Press Trust of India New Delhi

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Life Insurance Corporation (LIC) on Tuesday said it has pared its stake in DCM Shriram Industries by more than 2 per cent to 4.66 per cent over a period of about three years.

In a regulatory filing, LIC said there is a net decrease of 2.016 per cent in its holding in DCM Shriram during the period October 8, 2021, and September 13, 2024. The shares were sold at an average price of Rs 110.072.

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"...the Life Insurance Corporation of India has decreased its shareholding in equity shares of DCM Shriram Industries Ltd from 58,06,760 to 40,52,635 i.e., 6.675 per cent to 4.659 per cent of the paid-up capital of the said company," LIC said.

 

DCM Shriram Industries is primarily engaged in production and sale of sugar, alcohol and industrial fibres.

Shares of DCM Shriram Industries settled 1.77 per cent lower at Rs 194 apiece on the BSE.


(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Sep 17 2024 | 5:54 PM IST

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