LIC dilutes stake in Hero Moto Corp Ltd

Life Insurance Corporation of India's (LIC) shareholding in "Hero Moto Corp Ltd." has diluted from 22,491,571 to 18,482,495 Equity Shares, decreasing its shareholding from 11.252% to 9.246% of the paid-up capital of the said Company.

Hero Mato Corp earlier also known as "Hero Honda" is one of India's first motorcycle manufacturers. The company started in 1984 as a Technological collaboration with Honda, Japan. Before this collaboration, Hero was selling Cycles under the brand name, Hero Cycles.

Shares of Hero MotoCorp Limited was last trading in BSE at Rs. 3895.95 as compared to the previous close of Rs. 3880.95. The total number of shares traded during the day was 15454 in over 1735 trades.

The stock hit an intraday high of Rs. 3937.50 and intraday low of 3888.25. The net turnover during the day was Rs. 60411060.00.

Shares of Life Insurance Corporation Of India was last trading in BSE at Rs. 796.40 as compared to the previous close of Rs. 815.30. The total number of shares traded during the day was 323865 in over 13582 trades.

The stock hit an intraday high of Rs. 818.90 and intraday low of 792.20. The net turnover during the day was Rs. 259291601.00.

Source : Equity Bulls

Keywords

LIC LifeInsuranceCorporationofIndia INE0J1Y01017 StakeReduction HeroMotoCorp INE158A01026