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LIC pares 2% of its stake in Mahindra & Mahindra, brings it down to 10%

The insurance firm has sold over 1.2 crore shares through market sale: M&M

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Press Trust of India New Delhi
Last Updated : Jul 15 2017 | 7:14 PM IST
Mahindra & Mahindra today said Life Insurance Corporation Of India (LIC) has divested 2 per cent stake in the company.

Post the stake sale of the 2.001 per cent shares, LIC now has 9.958 per cent stake in the company, M&M said in a filing to BSE.

LIC earlier had 11.959 per cent stake in the company, the company added.

The insurance firm has sold over 1.2 crore shares through market sale, M&M said.

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First Published: Jul 15 2017 | 7:13 PM IST

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