Corporate Actions
LIC reduces stake in HDFC AMC

08-Dec-23   14:41 Hrs IST
LIC sold 44,67,278 ‬ shares, or 2.093% equity, of HDFC AMC at an average cost of Rs 2,863.45 crore via open market sale during the period from 14 December 2022 to 7 December 2023.

HDFC asset management company offers a large suite of savings and investment products across asset classes, which provide income and wealth creation opportunities to customers.

LIC has been providing life insurance in India for more than 65 years and is the largest life insurer in the country.

On the BSE, shares of LIC declined 1.15% to Rs 776.50, HDFC asset management company shed 0.48% to Rs 2982.10.

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