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LIC sells 2% stake in ICICI Bank

29 Dec 2020 Evaluate

Life Insurance Corporation (LIC) has sold 2% stake in ICICI Bank through open market transactions. The insurer sold 13.8 crore shares, representing 2.002 per cent stake of ICICI Bank, over a period of November 27, 2020 to December 24, 2020. Following the stake sale, LIC's holding in the bank has reduced to 6.74 per cent from 8.74 per cent earlier.

ICICI Bank is a leading private sector bank in India.

Peers
Company Name CMP
HDFC Bank 681.60
ICICI Bank 1384.00
Axis Bank 1216.75
Kotak Mahindra Bank 442.50
Indusind Bank 841.45
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