Life Insurance Corporation of India (LIC) has decreased its shareholding in ‘Bajaj Auto’. The Corporation’s shareholding in ‘Bajaj Auto’ has been diluted from 1,47,12,999 to 89,77,945 Equity Shares, decreasing its shareholding from 5.200% to 3.173% 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.