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LIC trims stake in Raymond to 3.51%

07 Sep 2017 Evaluate

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.

Raymond Share Price

422.05 0.55 (0.13%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Interglobe Aviation 4638.75
SpiceJet 13.88
Raymond 422.05
Global Vectra Helico 203.85
Taneja Aerospace 281.55
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