LIC sells 2% shares in NMDC

LIC sells 2% shares in NMDC

The shares have been brought down from 40,14,72,157 to 34,25,97,574.

FPJ Web DeskUpdated: Wednesday, March 15, 2023, 02:04 PM IST
article-image
LIC sells 2% shares in NMDC | Image: Wikipedia (Representative)

Life Insurance Corporation of India on Wednesday announced that it has sold shares in NMDC Limited for investment purposes, bringing their total to 11.690 per cent from their earlier 13.699 per cent, the company announced through an exchange filing. The shares have been brought down from 40,14,72,157 to 34,25,97,574.

NMDC

NMDC has a market cap of Rs 34,288.09 crore and works in the industrial minerals industry. NMC is also engaged in exploration and production of Iron Ore along with Diamond, production and sale of Sponge Iron and generation and sale of Wind Power.

LIC shares

The shares of LIC on Wednesday at 2 pm were at Rs 579.50, up by 0.17 per cent.

LIC sells shares in TIL

LIC on March 14 had also sold 2 per cent shares in TIL and currently holds an 8.08 per cent stake in the company.

(To receive our E-paper on WhatsApp daily, please click here.  To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Wipro rewards employees with 1,32,512 shares as stock option

Wipro rewards employees with 1,32,512 shares as stock option

Paytm launches upgraded payments platform powered by 100% indigenous technology

Paytm launches upgraded payments platform powered by 100% indigenous technology

BEL bags another defence ministry order worth Rs 3,000 crore for electronic warfare equipment

BEL bags another defence ministry order worth Rs 3,000 crore for electronic warfare equipment

Axis Bank allots stock options to employees

Axis Bank allots stock options to employees

Menlo Security announces expansion plans in India at official opening of Centre of Excellence in...

Menlo Security announces expansion plans in India at official opening of Centre of Excellence in...