Comments
Life Insurance Corporation (LIC) of India has sold over two per cent stake in Maruti Suzuki India (MSIL) over a period of three years, thereby reducing its total holding in the carmaker to 10.77 per cent.
Maruti Suzuki in a filing to Bombay Stock Exchange on Thursday said LIC sold a total of 58,29,103 shares of the company aggregating 2.018 per cent stake between August 24, 2009 and November 11, 2012 through the open market.
Before this transaction, LIC held 12.79 per cent stake in MSIL, with a total of 3,69,64,231 shares, it said.
Shares of Maruti Suzuki closed at Rs 1,492 on the BSE on Thursday, up 0.01 per cent over the previous close.
ronendrasingh.s@thehindu.co.in
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.