Life Insurance Corporation of India (LIC) has reduced its stake in IT major Infosys to 4.95 per cent during the July-September quarter with sale of shares estimated at around Rs 3,400 crore. Earlier, the biggest institutional investor in the stock market had 6.72 per cent stake in Infosys during the April-June quarter.
FIIs’ holding in Infosys inched up from 39.55 per cent during the April-June quarter, to 39.93 per cent in the July- September period.
Infosys is a global leader in consulting, technology and outsourcing solutions. The company enables clients, in more than 30 countries, to stay a step ahead of emerging business trends and outperform the competition.
