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Life Insurance Corporation of India decreases stake in TIL

15 Mar 2023 Evaluate

Life Insurance Corporation of India (LIC) has diluted its shareholding in TIL. The corporation’s shareholding in TIL has diluted from 10,22,985 to 8,10,038 Equity Shares decreasing its shareholding from 10.199% to 8.076% of the paid-up capital of the said Company. There is a decrease of 2% in holding during the period from December 31, 2021 to March 13, 2023.

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

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