LIC reduces stake in OIL India Ltd

Life Insurance Corporation of India's shareholding in "OIL INDIA LTD." has diluted from 12,71,67,248 to 10,50,70,405 Equity Shares, decreasing its shareholding from 11.727% to 9.689% of the paid-up capital of the said Company.

Oil India Ltd is engaged in exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG. It also provides various E&P related services for oil blocks.

Shares of Life Insurance Corporation Of India was last trading in BSE at Rs. 654.55 as compared to the previous close of Rs. 655.45. The total number of shares traded during the day was 27554 in over 1706 trades.

The stock hit an intraday high of Rs. 659.35 and intraday low of 654.00. The net turnover during the day was Rs. 18100848.00.

Shares of Oil India Limited was last trading in BSE at Rs. 276.25 as compared to the previous close of Rs. 280.85. The total number of shares traded during the day was 74295 in over 1231 trades.

The stock hit an intraday high of Rs. 284.90 and intraday low of 275.50. The net turnover during the day was Rs. 20635398.00.

Source : Equity Bulls

Keywords

LIC LifeInsuranceCorporationofIndia INE0J1Y01017 StakeDilution OilIndia INE274J01014