Following the stake sale, LIC’s holding in the bank has reduced to 6.74 per cent from 8.74 per cent earlier.
Photo: ICICI
Life Insurance Corporation (LIC) has sold 2 per cent stake in private sector lender ICICI Bank through open market transactions.
The bank in a regulatory filing said that the country’s largest insurer sold 13.8 crore shares, representing 2.002 per cent stake of ICICI Bank, over a period of November 27 to December 24, 2020.
Following the stake sale, LIC’s holding in the bank has reduced to 6.74 per cent from 8.74 per cent earlier, it said.
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Shares of ICICI Bank on Monday closed 1.28 per cent higher at Rs 520.20 on the BSE.
However, it opened on a positive note at Rs 522.80 on Tuesday morning. The shares weretrading at Rs 524.10, up nearly 1 per cent, during the afternoon trading hours.
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