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 4,81,294 to 3,80,396 Equity Shares decreasing its shareholding from 9.632% to 7.613% 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.