Life Insurance Corporation of India (LIC) has decreased its shareholding in NMDC. The Corporation’s shareholding in NMDC has decreased from 34,25,97,574 to 28,19,33,850 Equity Shares decreasing its shareholding from 11.690% to 9.620% of the paid-up capital of the said Company. There is a decrease of 2% in holding during the period from March 14, 2023 to June 20, 2023.
Life Insurance Corporation of India, popularly known as LIC is Indian state-owned insurance group and investment company.