LIC reduces stake in Welspun Corp Ltd

Life Insurance Corporation of India's shareholding in "WELSPUN CORP LTD." has diluted from 1,89,68,840 to 1,36,06,752 Equity Shares, decreasing its shareholding from 7.252% to 5.202% of the paid-up capital of the said Company.

Welspun Corp Ltd. is a leading manufacturer of large diameter pipes globally, offering a one-stop solution for all line pipe related requirements with its wide range of high grade line pipes.

Shares of Life Insurance Corporation Of India was last trading in BSE at Rs. 658.90 as compared to the previous close of Rs. 645.75. The total number of shares traded during the day was 149168 in over 3793 trades.

The stock hit an intraday high of Rs. 663.80 and intraday low of 646.05. The net turnover during the day was Rs. 98361116.00.

Shares of Welspun Corp Limited was last trading in BSE at Rs. 335.60 as compared to the previous close of Rs. 338.60. The total number of shares traded during the day was 55269 in over 1091 trades.

The stock hit an intraday high of Rs. 344.15 and intraday low of 334.35. The net turnover during the day was Rs. 18699754.00.

Source : Equity Bulls

Keywords

LIC LifeInsuranceCorporationofIndia INE0J1Y01017 StakeReduction WelspunCorp INE191B01025