Life Insurance Corporation of India (LIC) has diluted its shareholding in Hero Moto Corp. The Corporation’s shareholding in ‘Hero Moto Corp’ has diluted from 22,491,571 to 18,482,495 Equity Shares, decreasing its shareholding from 11.252% to 9.246% 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.