LIC decreases stake in Oil India

Life Insurance Corporation of India (LIC) has diluted its shareholding in ‘Oil India’. The corporation’s shareholding in ‘Oil India’ has diluted from 12,71,67,248 to 10,50,70,405 Equity Shares, decreasing its shareholding from 11.727% to 9.689% of the paid-up capital of the said Company.

Life Insurance Corporation of India, popularly known as LIC is Indian state-owned insurance group and investment company.

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