Hot Pursuit     06-Jul-23
LIC pares stake in India Cements
Life Insurance Corporation of India (LIC) disclosed that it decreased its stake in India Cements from 5.875% to 3.833%.
LIC sold ‬‬ 63,27,906 shares, or 2.042% equity, at an average cost of Rs 191.59 via open market sale during the period from 21 November 2007 to 4 July 2023.

India Cements is primarily engaged in manufacture and marketing of cement and cement related products.

LIC has been providing life insurance in India for more than 65 years and is the largest life insurer in the country.

Shares of LIC added 0.22% to Rs 628.30 and India Cements rose 0.31% to Rs 212.80 on the BSE.

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