Mahindra & Mahindra Ltd.
BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3178.65
58.20 (1.87%) LIC sells 2% stake in M&M
Date: 17-07-2017Life Insurance Corporation of India (LIC) has divested 2.001% stake in Mahindra & Mahindra (M&M). The insurance firm has sold over 1.2 crore shares through market sale. Post stake sale, LIC now has 9.958% stake in the company. LIC earlier had 11.959% stake in the company.
Mahindra & Mahindra (M&M) is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.