LIC dilutes its shareholding in NHPC Limited

Life Insurance Corporation of India (LIC) has diluted its shareholding in NHPC Limited from 7.23 per cent to 5.203 per cent of the paid-up capital of NHPC for Rs 7.01 billion.

It has sold over 2.027 per cent of its holding in NHPC during the period from March 17, 2022 to October 18, 2022 at an average cost of Rs 34.42. The shares were sold through an open market sale. Resultantly, LIC’s shareholding has diluted from 726,211,315 to 522,611,195 equity shares.

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