Life Insurance Corporation of India (LIC) on Thursday announced that t Corporation’s shareholding in "MOIL LTD.” has diluted from 1,83,38,326 to 1,41,02,808 Equity Shares, decreasing its shareholding from 9.012 percent to 6.931 percent of the paid-up capital of the said Company, the company said through an exchange filing.
Indicative time period for completion of the acquisition
There was a decrease of 2 percent in holding during the period from 27.09.2017 to 11.10.2023
Cost of acquisition
Holding decreased from 9.012 percent to 6.931 percent, a decrease of 2.081 percent during the period from 27.09.2017 to 11.10.2023 at an average cost of Rs 218.73.
MOIL Limited is primarily engaged in mining of manganese ore and is the largest manganese ore producer in the country.
Life Insurance Corporation of India shares
The shares of Life Insurance Corporation of India on Thursday at 21:20 pm IST were trading at Rs 640.55, up by 0.50 percent.
