Markets

LIC trims stake in Ashok Leyland by 2.04%

PTI New Delhi | Updated on March 05, 2018 Published on March 05, 2018

State-owned Life Insurance Corporation (LIC) has reduced its stake in Hinduja Group flagship firm Ashok Leyland by 2.04 per cent after selling 5.97 crore shares in the open market.

As per a BSE filing, LIC, which held 5.16 per cent stake in Ashok Leyland earlier, has brought down the shareholding in the company to 3.11 per cent. LIC had sold the stake between October 16, 2015, and March 1, 2018.

Last week, Ashok Leyland had reported 29 per cent increase in its total sales at 18,181 units in February 2018. The company had sold 14,067 units during the same month of the previous year.

Shares of Ashok Leyland were trading at Rs 139.95 apiece, down 0.57 per cent, on the BSE.

Published on March 05, 2018
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