LIC stated its shareholding in the corporate decreased from 1,93,11,744 to 1,48,44,466 fairness shares akin to 9.046% and 6.953% respectively from December 14, 2022 to December 7, 2023.
| Photo Credit: ADNAN ABIDI
Life Insurance Corporation of India (LIC) has pared its stake in HDFC Asset Management Company to six.95% by divesting greater than 44.67 lakh shares over nearly 12 months as much as December 7.
It was an funding operate, undertaken in the strange course of transaction by means of open market sale. The common value at which the shares have been disposed off was ₹2,863.45 every, stated LIC, which is among the largest institutional traders in the nation, in a submitting.
On Friday, HDFC Asset Management Company shares closed 0.37% decrease at ₹2,985.25 apiece on the BSE.
LIC stated its shareholding in the corporate decreased from 1,93,11,744 to 1,48,44,466 fairness shares akin to 9.046% and 6.953% respectively from December 14, 2022 to December 7, 2023.
