LIC reduces stake in Infosys to 5.96%

India Infoline News Service | Mumbai |

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

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.
 

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