LIC Trims Stake in Tata Motors from 5.11% to 3.09%, Average Cost at Rs 711.65

19 Dec 2023 , 03:38 PM

LIC’s shareholding in Tata Motors Limited reduced from 5.110% to 3.092% of the paid-up capital, translating to a decrease from 169,802,847 to 102,752,081 equity shares.

The disclosure, made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, notes the decrease in LIC’s shareholding in Tata Motors Limited.

The reduction in holding amounts to 2.018% during the period from August 28, 2015, to December 18, 2023. The average cost of acquisition for LIC during this period is Rs 711.65.

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