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.