Comments
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.
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.