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LIC decreases stake in Orissa Minerals Development Company

13 Jul 2023 Evaluate

Life Insurance Corporation of India (LIC) has diluted its shareholding in ‘Orissa Minerals Development Company’. The Corporation’s shareholding in ‘Orissa Minerals Development Company’ has diluted from 4,54,163 to 4,23,996 Equity Shares decreasing its shareholding from 9.086% to 7.067% 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.

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