Active Stocks
Thu Mar 28 2024 13:49:19
  1. Tata Steel share price
  2. 155.60 1.80%
  1. HDFC Bank share price
  2. 1,454.40 0.95%
  1. Power Grid Corporation Of India share price
  2. 277.00 2.20%
  1. ITC share price
  2. 430.30 0.54%
  1. State Bank Of India share price
  2. 754.80 2.83%
Business News/ Market / Stock-market-news/  LIC trims stake in Tata Global Beverages to 3.62%
BackBack

LIC trims stake in Tata Global Beverages to 3.62%

LIC sold 1.29 crore shares, representing 2.05% stake, of TGBL in open market between 23 August 2017 to 21 February 2018

Shares of Tata Global Beverages Ltd (TGBL) on Friday closed at Rs270.80 per scrip on BSE, up 3.22% from its previous close. Photo: Ramesh Pathania/MintPremium
Shares of Tata Global Beverages Ltd (TGBL) on Friday closed at Rs270.80 per scrip on BSE, up 3.22% from its previous close. Photo: Ramesh Pathania/Mint

New Delhi: State-owned Life Insurance Corporation (LIC) of India has reduced its share holding in fast moving consumer goods (FMCG) firm Tata Global Beverages Ltd (TGBL) to 3.62% by selling 2.05% stake in open market.

LIC sold 1.29 crore shares, representing 2.05% stake, of TGBL in open market between 23 August 2017 to 21 February 2018, the Tata group company said in a filing to BSE.

The insurance giant had 5.67% stake in TGBL earlier, it added. Shares of Tata Global Beverages Ltd (TGBL) on Friday closed at Rs270.80 per scrip on BSE, up 3.22% from its previous close.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 23 Feb 2018, 09:16 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App