Life Insurance Corporation of India (LIC), a state owned insurer has sold more than 1.27 crore shares, representing 2.05% of Tata Global Beverages for Rs 161 crore. The insurer has offloaded shares from over 19 months starting August 2010.
The shares were sold between August 02, 2010 and February 21, 2012 and all the transactions were through market sale. Prior to the sale of these shares, LIC held 15.89% stake in the company.
Tata Global Beverages formerly Tata Tea is a multinational non-alcoholic beverages company headquartered in Kolkata, West Bengal, India and a subsidiary of the Tata Group. It is the world's second-largest manufacturer and distributor of tea. Tata Global Beverages markets tea under the major brands Tata Tea, Tetley, Good Earth Teas and JEMCA.
Company Name | CMP |
---|---|
Tata Consumer Produc | 1059.30 |
CCL Products (India) | 572.75 |
Mcleod Russel | 24.05 |
Goodricke Group | 167.60 |
Jay Shree Tea | 96.70 |
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