LIC trims stake in Hero MotoCorp to 2.99%

State-owned LIC has cut its stake in Hero MotoCorp to around 3 per cent by selling more than 2 per cent stake.

The country's largest insurer offloaded 40,74,307 shares, constituting 2.04 per cent, in MotoCorp through an open market transaction, Hero MotoCorp Ltd said in a filing to the BSE.

LIC's stake in the country's largest two-wheeler maker has come down to 2.99 per cent from 5.03 per cent earlier after the offloading of shares, it added.

LIC offloaded the shares of the two-wheeler major, between January 31, 2013 and March 12, 2014.

Hero MotoCorp shares were trading at Rs 2115 apiece on the BSE in late afternoon trade, up 0.69 per cent from its previous close.


  • EPFO would do well to have better risk management of available cash

    The Employees’ Provident Fund Organisation (EPFO) is apparently revisiting its decision to invest about Rs 6,000 crore in stocks this year.


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Amita Sharma

Smart cities for the smart citizens

The 21st century has been spoken of as the urban ...

Zehra Naqvi

The prejudiced childhood

Sometimes the most unusual things can remind you of the ...

Gautam Gupta

To read about online videos, click here

ONce, not so long ago, exhorbitant costs had made sure ...


William D. Green

Chairman & CEO, Accenture