Life Insurance Corporation of India (LIC) has decreased its shareholding in ‘Welspun Corp’. The corporation’s shareholding in ‘Welspun Corp’ has diluted from 1,89,68,840 to 1,36,06,752 Equity Shares, decreasing its shareholding from 7.252% to 5.202% 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.