HomeNewsbusinessLIC cuts stake in Glaxo Pharma to 4.357%

LIC cuts stake in Glaxo Pharma to 4.357%

LIC cuts stake in Glaxo Pharma to 4.357% – Life Insurance Corporation of India (LIC) has slashed its stake in GlaxoSmithKline Pharmaceuticals from 6.402% to 4.357%. it has sold about 34.20 lakh shares or 2.045% of its holding in the global pharma major during September 2018-22 period.

  • The stake sale was at an average price of ₹1,549.40 and Shares of insurance major closed 1%lower at ₹663.20, while those of Glaxo slid 0.55% at ₹1,409.90.
  • General Insurance Corporation of India also has a 1.42% stake in GlaxoSmithKline Pharma.

Life Insurance Corporation of India (LIC) –

Founded: 1 September 1956
Chairperson: M R Kumar
Headquarters: Mumbai
Founder: Government of India

******** End ********

★★★★  You Can Also Read  ★★★★

Computer Awareness Quiz Questions Set (Banking)
Read Daily Current Affairs Topic Wise
Daily Current Affairs Quiz (Current GK Test)
Static Gk Quiz Questions and Answers

📣 Prepare Exams is now on Facebook, Twitter, Instagram, YouTube Channel, and Google News to get all the latest News

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Advertisement

Latest Articles