Life Insurance Corporation of India (LIC) has decreased its shareholding in ‘Hindalco Industries’. The corporation’s shareholding in ‘Hindalco Industries’ has decreased from 18,82,28,567 to 14,26,68,148 Equity Shares, decreasing its shareholding from 8.376% to 6.349% 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.