MoneyWorks4Me

LIC dilutes stake in ‘Empire Industries’

13 Oct 2022 Evaluate

Life Insurance Corporation of India (LIC) has diluted its stake in ‘Empire Industries’. The company’s shareholding in ‘Empire Industries’ has diluted from 6,43,953 to 5,23,111 Equity Shares decreasing its shareholding from 10.733% to 8.719% 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.

Peers