LIC trims stake in Hero MotoCorp to 2.99%

State-owned LIC has cut its stake in Hero MotoCorp to around 3 per cent

RELATED ARTICLES

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.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Those willfully defaulting on loans should be blacklisted by Sebi

    As reported by this newspaper’s Monday edition, the Securities and Exchange Board of India (Sebi) has found merit in the Reserve Bank of India’s s

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Kumar Jain

Kickstarting technological innovation

One of the key dimensions of global competitiveness is the ...

Kuruvilla Pandikattu SJ

Developing moral, spiritual capacity

Writing in The Huffington Post, Noam Chomsky, professor emeritus, MIT ...

Gautam Gupta

Manufacturing must keep workers’ welfare in mind

It may be early days yet, but the labour reforms ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture