Life Insurance Corporation of India (LIC) has decreased its shareholding in ‘Voltas’. The Corporation has decreased its shareholding in equity shares of Voltas from 22,685,279 to 15,731,283, i.e., 6.856% to 4.754% of the paid-up capital of the said Company.
Earlier, the Corporation had hiked its shareholding in Dr. Reddy’s Laboratories.
Life Insurance Corporation of India, popularly known as LIC is Indian state-owned insurance group and Investment Company.