LIC trims stake in Bharat Forge to 3.15%

Life Insurance Corporation of India has sold over 2 per cent stake it held in Bharat Forge reducing its current holding in the company to 3.15 per cent.
     
In a filing to the BSE, Bharat Forge said LIC sold 47.79 lakh shares aggregating 2.053 per cent stake in the company through the open market between January 16 and March 28 this year.
     
Before the sale, LIC's holding in Bharat Forge was 5.205 per cent. After the transaction, LIC now holds 73.38 lakh shares of Bharat Forge, which amounts to 3.152 per cent stake in it.
     
Shares of Bharat Forge were trading at Rs 418.80 per scrip in the afternoon trade, down 0.68 per cent from the previous close on the BSE.