Life Insurance Corporation of India has sold shares worth ₹63.11 crore of Tata Global Beverages . In a disclosure to the stock exchanges, Tata Global Beverages said that LIC has sold 1.298 crore shares of the company between August 23, 2017 and February 21, 2018. Following the stake sale, the holding of the insurance major in the company fell to 3.622 per cent from 5.678 per cent. Shares of Tata Global Beverages jumped 3.22 per cent at ₹270.80 on the BSE.