March 20, 2013 11:51 pm | Updated 11:51 pm IST - NEW DELHI:
Life Insurance Corporation of India (LIC) has picked up Nalco’s 5.25 crore shares, or one-third of the 15.69 shares the government divested last week, through the offer for sale (OFS) route. LIC, which had 5.040 per cent stake in Nalco, bought additional 5,24,82,219 shares, or 2.036 per cent, stake through the OFS, Nalco said in a BSE filing. Following this, LIC now holds 182,365,523 shares or 7.076 per cent stake in the company.
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.
