Life Insurance Corporation (LIC) has offloaded 2.01 percent stake in Gujarat State Fertilizers & Chemicals via open market transactions. With this, its shareholding in the company reduced to 6.06 percent, from 8.07 percent earlier.
Gujarat State Fertilizers & Chemicals is engaged in the manufacturing of fertilizers and industrial products. The company has created more than 24 brands of fertilizers, petrochemicals, chemicals, industrial gases, plastics, fibers and other products.