Hot Pursuit     18-Dec-23
LIC pares stake in Dixon Technologies
Life Insurance Corporation of India (LIC) said that it has decreased its stake in Dixon Technologies India from 5.012% to 3%.
LIC sold 17,94,395 equity shares, or 2% equity, at an average cost of Rs 5,877.65 via open market sale during the period from 20 April 2022 to 15 December 2023.

Dixon Technologies (India) Limited is the largest home grown design-focused and solutions company engaged in manufacturing products in the consumer durables, lighting and mobile phones/smart phones markets in India.

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 rose 0.51% to Rs 800.50 while shares of Dixon Technologies fell 0.84% to Rs 6,263.10 on the BSE.

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