Life Insurance Corporation of India has reduced shareholding in Sun Pharmaceuticals by selling 2% stake in Sun Pharmaceuticals for about Rs 3,882 crore. The shares were sold through open market transactions during the period from May 17, 2021 to July 22, 2022. The shares were sold at an average price of Rs 808.02 apiece, valuing the transactions at a total of Rs 3,881.85 crore.
Life Insurance Corporation of India, popularly known as LIC is Indian state-owned insurance group and investment company.
