OTHER GROUP COMPANIES
market

LIC reduces stake in Infosys to 5.96%

During the October-December 2012 quarter, LIC held 7.24% stake in Infosys

April 18, 2013 4:35 IST | India Infoline News Service
State--run insurer LIC (Life Insurance Corporation of India) stake declined to 5.96% in Infosys on 31 March 2013, according to a media report.

During the October-December 2012 quarter, LIC held 7.24% stake in Infosys. The insurer’s holding in Infosys had increased during the preceding three quarters, according to the data available with the stock exchanges.

LIC held 4.92% stake in the company at the beginning of FY12-13.

Taking into account the average market value of Infosys shares, the 1.28% decline in LIC's holding in the company would be worth about Rs. 20 billion.

OPEN A DEMAT ACCOUNT & Get
FREE Benefits Worth 5,000

FEATURED ARTICLE

BLOGS

Open Demat Account
  • 0

    Per Order for ETF & Mutual Funds Brokerage

  • 20

    Per Order for Delivery, Intraday, F&O, Currency & Commodity