Life Insurance Corporation of India (LIC) has decreased its shareholding in ‘HDFC AMC’. The Corporation has decreased its shareholding in equity shares of HDFC AMC from 1,04,86,912 to 61,58,136, i.e., 4.909% to 2.883% of the paid-up capital of the said Company
Earlier, the company had decreased its shareholding in ‘Voltas’.
Life Insurance Corporation of India, popularly known as LIC is Indian state-owned insurance group and Investment Company.