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LIC dilutes stake in Mukand

15 Jul 2022 Evaluate

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.

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