Life Insurance Corporation of India (LIC) has diluted its stake in Peria Karamalai Tea & Produce Company. The company’s shareholding in Peria Karamalai Tea & Produce Company has diluted from 2,19,481 to 1,54,623 equity shares decreasing its shareholding from 7.089% to 4.994% 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.