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LIC decreases stake in HDFC Asset Management Company

08 Dec 2023 Evaluate

Life Insurance Corporation of India (LIC) has decreased stake in ‘HDFC Asset Management Company’. The Corporation’s shareholding in ‘HDFC Asset Management Company’ has decreased from 1,93,11,744 to 1,48,44,466 Equity Shares, decreasing its shareholding from 9.046% to 6.953% 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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