Life Insurance Corporation of India (LIC) has diluted its shareholding in Mukand from 72,28,076 to 43,70,271 Equity Shares. With this, the company’s shareholding decreased from 5.112% to 3.091% of the paid-up capital of the Mukand. Nature of consideration is open market sale.
Life Insurance Corporation of India, popularly known as LIC is Indian state-owned insurance group and investment company.