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LIC dilutes stake in ‘NMDC’

27 Sep 2023 Evaluate

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. 

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