MoneyWorks4Me

State-owned Life Insurance Corporation (LIC) has reduced its stake in textile and apparel major Raymond by 2.01 per cent, selling 12.37 lakh shares in the open market.

The insurance major has brought down its shareholding in the company from 5.53% to 3.51% by selling shares between October 11, 2016 to September 4, 2017.

Raymond promoters Vijaypat Singhania and his son Gautam are involved in a property dispute over possession of a duplex flat in the multi-storied JK House building in south Mumbai.

Peers
Company Name CMP
Bharat Heavy Elect. 427.60
Thermax 3231.40
Kirloskar Industries 3466.45
Skipper 539.95
INDO-MIM 1318.45
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