Stocks

Reliance Infra: LIC cuts stake by 2.086%

| Updated on March 14, 2019 Published on March 14, 2019

 

Shares of Reliance Infrastructure will remain in focus, as it informed the exchanges that Life Insurance Corporation of India has reduced its stake in the company by 2.086 per cent (or 54.86 lakh shares). Following the stake-sale, the holding of LIC has come down to 3.304 per cent from 5.390 per cent. The stake-sale by the insurance behemoth happened between January 24 and February 13. However, the name of the acquirer was not known immediately.

Published on March 14, 2019
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