LIC has said in the information sent to the stock market that it has reduced its stake in Vakrangee Ltd. The corporation said that it has reduced its stake in the company from 69,640,256 shares to 47,815,583 shares through open market sale. That is, the corporation's stake in the company has come down from 6.429 percent to 4.414 percent. This sale has been done between December 2017 and October 2024 at an average price of 81.938. The stock closed at 30.05 on BSE with a decline of 1.51 percent. On the other hand, LIC's stock closed at 947.65 with a decline of 1.24 percent.

Where did the share increase?

 

 This month, LIC had informed that it has increased its share in the public sector Bank of Maharashtra. In the information sent to the stock market, LIC said that under Qualified Institutional Placement, 25,96,86,663 shares have been allotted to the corporation. Which is equal to 3.376 percent share. These allotments have been allotted at the price of Rs 57.36 per share. With this allotment, LIC's share in the bank has increased from 4.05 percent to 7.1 percent. And where did LIC buy and sell? Earlier, last month, LIC had informed that it had reduced its share in Mahanagar Gas by 2 percent through sale in the open market. At the same time, in September itself, the corporation had also given information about reducing its stake in Aurobindo Pharma. At that time the corporation had said that it has reduced its stake in the pharma company from 5.01 percent to 2.265 percent through open market sale between 25 November 2021 and 12 September 2024. On the other hand, in September itself, LIC also informed about increasing its stake in railway PSU stock IRCTC. The stake in the Miniratna PSU of the railway sector has been increased from 7.278 percent to 9.298 percent.