LIC Sells 2% Stake In TIL Through Open market Sale

LIC Sells 2% Stake In TIL Through Open market Sale

The holding decreased at an average price of ₹154.69 each.

FPJ Web DeskUpdated: Friday, August 18, 2023, 02:55 PM IST
article-image
LIC Sells 2% Stake In TIL Through Open market Sale | Image: Wikipedia (Representative)

Life Insurance Corporation of India on Friday diluted its share from 8,10,038 to 5,96,195 shares moving from 8.076 per cent to 5.944 per cent through open market sale, the company announced through an exchange filing. The holding decreased at an average price of ₹154.69 each.

TIL Limited is engaged in the manufacturing and marketing of a comprehensive range of material handling, lifting, port and road construction solutions. The company has a market capital of ₹269.76 and is part of the construction vehicles industries.

The company now holds 5.944 per cent stake in TIL.

LIC shares

The shares of LIC on Friday afternoon at 2:50 pm IST were trading at ₹652.35, down by 1.11 per cent.

LIC Earnings

LIC reported a multifold jump in its April-June quarter net profit to Rs 9,544 crore against ₹683 crore the company made in the year-ago period. The total income increased to Rs 1,88,749 crore for the June quarter as against Rs 1,68,881 crore in the year-ago period. The insurer earned Rs 53,638 crore as against Rs 50,258 crore in the same period a year ago.

RECENT STORIES

IT Department Launches ITR-2 & ITR-3 Excel Utilities, Filing Now Easier For Capital Gains & Crypto...

IT Department Launches ITR-2 & ITR-3 Excel Utilities, Filing Now Easier For Capital Gains & Crypto...

Amazon Rolls Out 10-Minute Delivery; Competition With Blinkit, Swiggy, Instamart & Zepto Intensifies

Amazon Rolls Out 10-Minute Delivery; Competition With Blinkit, Swiggy, Instamart & Zepto Intensifies

Shares Of Hindustan Unilever Surge 5% As Priya Nair Set To Become First Woman CEO & MD

Shares Of Hindustan Unilever Surge 5% As Priya Nair Set To Become First Woman CEO & MD

A Deep Dive Into India's Credit Landscape & The Journey Of A Financial Leader - Revati Kasture

A Deep Dive Into India's Credit Landscape & The Journey Of A Financial Leader - Revati Kasture

Kakinada SEZ Setting Up 3x50 MLD Desalination Plant In Andhra Pradesh Worth ₹1310 Crore

Kakinada SEZ Setting Up 3x50 MLD Desalination Plant In Andhra Pradesh Worth ₹1310 Crore