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LIC sells 2% stake in Mahindra & Mahindra

LIC sells 2% stake in Mahindra & MahindraMumbai, July 15 (IANS) The Mahindra & Mahindra on Saturday said the Life Insurance Corporation of India (LIC) has brought down its stake to less than 10 per cent in the company by divesting around two per cent of its holding in the firm.

After the stake sale, the life insurer now has 9.958 per cent stake in the company, it said in a regulatory filing.

The LIC earlier had 11.95 per cent stake in the company, it added.

 

The insurance firm has sold more than 1.24 crore shares through market sale, the company added.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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LIC sells 2% stake in Mahindra & Mahindra

About VDC

Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.

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