LIC reduces stake in HDFC Asset Management Company to 7% from 9.05%
Life Insurance Corporation of India (LIC) reduced its shareholding in asset management major HDFC Asset Management Company (AMC) by buying additional shares through open market transactions. On Friday, LIC informed in a regulatory filing to the stock exchanges that its shareholding in HDFC Asset Management Company has reduced from 1,93,11,744 to 1,48,44,466 equity shares. With … Read more