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LIC dilutes stake in ‘The United Nilgiri Tea Estates Company’

18 Aug 2022 Evaluate

Life Insurance Corporation of India (LIC) has diluted its stake in ‘The United Nilgiri Tea Estates Company’. The company’s shareholding in ‘The United Nilgiri Tea Estates Company’ has diluted from 5,84,743 to 4,81,294 equity shares decreasing its shareholding from 11.702% to 9.632% of the paid-up capital of the said company.

Life Insurance Corporation of India, popularly known as LIC is Indian state-owned insurance group and investment company.

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