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LIC reduces shareholding in Mahanagar Gas

28 Sep 2024 Evaluate

Life Insurance Corporation of India (LIC) has decreased its shareholding in equity shares of Mahanagar Gas from 89,19,236 to 68,54,264 i.e., 9.030% to 6.939% of the paid-up capital of the said Company.

Earlier, LIC had increased its shareholding in equity shares of Biocon from 5,98,14,429 to 6,03,14,429 i.e., 4.982% to 5.023% 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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