Life Insurance Corporation of India (LIC) has diluted stake in Engineers India. The Corporation’s shareholding in ‘Engineers India’ has decreased from 2,89,70,343 to 1,75,46,621 Equity Shares, decreasing its shareholding from 5.155% to 3.122% 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.