Login To Trade  |  About IIFL
  • NIFTY  8532.85  111.05 1.32%
  • SENSEX 28114.56  409.21 1.48%
  1. General
  2. M&A Deals

  3. M&A Deals

LIC sold 2% stake in Maruti Suzuki India

India Infoline News Service | Mumbai | November 22, 2012 17:28 IST

After the sale, LIC's holding in MSI stands at 10.777%

India’s major insurer LIC (Life Insurance Corporation of India) has sold over 2% stake in Maruti Suzuki India over a period of time, thereby reducing its total holding in MSI to around 10%.

LIC sold a total of 58,29,103 shares of the company aggregating 2.018% stake between August 24, 2009 and November 11, 2012 through the open market, Maruti Suzuki India (MSI) said in a filing to BSE.

After the sale, LIC's holding in MSI stands at 10.777%. Before the transaction, LIC held 12.794% stake in MSI, with a total of 3,69,64,231 shares, it added.

The equity share capital of MSI stands at 14.4 billion after the transaction, the company said.

Turn your smartphone into a powerful mobile trading platform - Know more!!!

Read more on: LIC   
article
113110706078
LIC sold 2% stake in Maruti Suzuki India
LIC sold 2% stake in Maruti Suzuki India
After the sale, LIC's holding in MSI stands at 10.777%
http://www.indiainfoline.com/article/news-corporate/lic-sold-2-stake-in-maruti-suzuki-india-113110706078_1.html
November 22, 2012 17:28 IST
http://content.indiainfoline.com/_media/iifl/img/article/default/glo_news.jpg
LIC
M&A Deals
$rawVideoFileUrl$
$videoPlayerUrl$
Recent Reports

Revival some time away

India Infoline Research Team / 10:30, Jul 13, 2015

Tourism Finance Corp (TFCIL), a niche financier of tourism related projects and activities, has witnessed a sharp moderation in loan growth from 32% in FY12 to just 1% in FY14

News