LIC trims stake in Sterlite Technologies by 2%

LIC, which had 5.30% stake in Sterlite Technologies earlier, brought down the shareholding in the company to 3.30%

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New Delhi: State-owned Life Insurance Corporation (LIC) has reduced its stake in telecom products manufacturer Sterlite Technologies by 2% after selling 80.28 lakh shares in the open market.

As per a BSE filing, LIC, which had 5.30% stake in Sterlite Technologies earlier, brought down the shareholding in the company to 3.30%.

LIC sold the stake between 21 November 2007 and 27 March 2018.

Source livemint.com
Via livemint.com

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