Latest News | LIC Offloads Shares in India Cement

New Delhi, Jul 5 (PTI) Life Insurance Corporation of India (LIC) on Wednesday said it has offloaded a little over 2 per cent stake in India Cement through open market transactions between November 2007 and July 2023.

"...Corporation's shareholding in 'India Cement Ltd' has diluted from 18,205,665 to 11,877,759 equity shares decreasing its shareholding from 5.875 per cent to 3.833 per cent of the paid-up capital of the said company," LIC said in a regulatory filing.

Also Read | Maharashtra Rain Forecast: Officials Issue Red Alert of Excessive Rainfall in Raigad District.

These shares were sold at an average price of Rs 191.59 apiece during the period from November 21, 2007 to July 4, 2023. The holding decreased from 5.875 per cent to 3.833 per cent, a decline of 2.042 per cent, it said.

Shares of LIC closed 0.81 per cent higher at Rs 626.95 apiece on the BSE.

Also Read | Shooting During US Independence Day 2023 Celebrations: 9 People Shot and Wounded in Washington DC While Enjoying Fourth of July Holiday.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)