LIC pares exposure to Ashok Leyland Ltd

Life Insurance Corporation of India (LIC) has reduced its stake in Ashok Leyland Ltd to 3.118%.

LIC had 15,10,40,864 shares or 5.160% stake in Ashok Leyland Ltd which reduced to 9,12,74,143 shares or 3.118% stake after the insurance behemoth sold 5,97,66,721 equity shares or 2.042% stake in the company through open market sale.

LIC announced this in a notification to the stock exchange

Shares of ASHOK LEYLAND LTD. was last trading in BSE at Rs.140.75 as compared to the previous close of Rs. 141.3. The total number of shares traded during the day was 1347834 in over 6483 trades.

The stock hit an intraday high of Rs. 143.8 and intraday low of 140.25. The net turnover during the day was Rs. 191137345.

Source : Equity Bulls

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