LIC reduce stake in Sun Pharma by 2%

Life insurance corporation (LIC) has has reduced shareholding in Sun Pharmaceuticals by selling 2% stake, in the company for about Rs 3,882 crore, to 5.024%. The shares were sold through open market transactions during the period from May 17,2021 to July 22, 2022.

As per the norms of Sebi, listed companies are required to intimate the stock exchanges when their shareholding in an entity falls by 2% or more.

• LIC Chairperson: M R Kumar;
• Headquarters: Mumbai