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LIC dilutes stake held in NMDC

15 Mar 2023 Evaluate

Life Insurance Corporation of India (LIC) has divested stake held in NMDC. The corporation’s shareholding in NMDC has diluted from 40,14,72,157 to 34,25,97,574 Equity Shares decreasing its shareholding from 13.699% to 11.690% of the paid-up capital of the said Company. There is a decrease of 2% in holding during the period from December 29, 2022 to March 14, 2023.

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

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