LIC offloads 2% stake in Mahindra & Mahindra for Rs 2,222.49 cr
The shares were sold through open market transactions during the period from December 21, 2020, to August 8, 2022, according to a regulatory filing.
After the sale, the LIC holding in the passenger cars and utility vehicles company decreased from 8.430 per cent to 6.421 per cent, it said.
The average cost of 2,49,73,233 shares sold, it said, was Rs 889.95 crore.
On the BSE, shares of LIC rose 0.39 per cent to close at Rs 682.65 apiece while that of Mahindra and Mahindra fell 0.46 per cent to Rs 1,269 apiece.
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