LIC sells 8.26 crore SAIL shares, dropping stake below 5%
Life Insurance Corporation of India cut its Steel Authority of India Ltd holding, selling more than 8.26 crore shares via market transactions and reducing the stake to below the 5% threshold.
New Delhi, Sept.
2 -- Life Insurance Corporation of India has reduced its holding in Steel Authority of India Ltd by just over 2 percentage points, selling more than 8.26 crore shares through market transactions and taking its stake in the state-owned steelmaker below the 5% threshold.The latest di…