Profit

LIC Lowers Stake in TVS Motor to 3 Per Cent

 Share
EMAIL
PRINT
COMMENTS
New Delhi: 

Life Insurance Corporation (LIC) has lowered its stake in TVS Motor Company to over 3 per cent by elling more than 2 per cent shareholding over a period of around 4 years.

LIC, the country's largest life insurer, offloaded 97,12,148 shares, constituting a 2.04 per cent stake, through open market transactions, TVS Motor Company Ltd said in a filing to the BSE.

LIC's stake in TVS Motors has come down to 3.46 per cent from 5.5 per cent earlier after the offloading of shares, the Chennai-based firm said.

The state-owned insurer offloaded the shares between September 9, 2010 and June 2, 2014.

Shares in TVS Motor, on Thursday, ended at Rs 130.75 apiece on the BSE, down 1.84 per cent from the previous close.

NDTV Beeps - your daily newsletter

................................ Advertisement ................................

................................ Advertisement ................................

................................ Advertisement ................................

Top