MoneyWorks4Me

LIC trims stake in Ashok Leyland by 2%

20 Oct 2015 Evaluate

Life Insurance Corporation of India (LIC), the country’s largest insurer, has reduced stake in commercial vehicle manufacturer Ashok Leyland by 2%. The insurer which had 7.31% stake earlier, has brought down its shareholding in the company to 5.30% by selling 5.71 crore shares between November 4, 2014, and October 16, 2015.

Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense and special vehicles.


Peers
Company Name CMP
Tata Motors 429.40
Ashok Leyland 149.15
Force Motors 16950.00
Olectra Greentech 1084.10
SML Mahindra 6055.00
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