LIC pares stake in HDFC Asset Management Company, HDFC Asset Management Company shares closed 0.37% lower at ₹2,985.25 apiece on the BSE.
National
Life Insurance Corporation of India (LIC) has pared its stake in HDFC Asset Management Company to 6.95% by divesting more than 44.67 lakh shares over almost 12 months up to December 7. LIC pares stake in HDFC Asset Management Company, HDFC Asset Management Company shares closed 0.37% lower at ₹2,985.25 apiece on the BSE. It was an investment function, undertaken in the ordinary course of transaction through open market sale. The average price at which the shares were disposed off was ₹2,863.45 each.
The average price at which the shares were disposed off was ₹2,863.45 each, said LIC, which is one of the largest institutional investors in the country.
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