Life Insurance

LIC divests 2 per cent stake in Mahindra & Mahindra


NEW DELHI: Mahindra & Mahindra today said Life Insurance Corporation Of India (LIC) has divested 2 per cent stake in the company.

Post the stake sale of the 2.001 per cent shares, LIC now has 9.958 per cent stake in the company, M&M said in a filing to BSE.

LIC earlier had 11.959 per cent stake in the company, the company added.

The insurance firm has sold over 1.2 crore shares through market sale, M&M said.



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