Life Insurance Corporation of India (LIC) has diluted its shareholding in ‘NMDC’. The Corporation’s shareholding in ‘NMDC’ has diluted from 28,19,33,850 to 22,31,79,825 Equity Shares, decreasing its shareholding from 9.620% to 7.615% 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.