LIC shares were listed on the stock market on 17 May 2022 with the company setting a price band of Rs 902 to Rs 949 per share. LIC Shares continued to fall after the listing, but LIC’s share price continued to rise for a few days, as a result of which companies that had previously bought at high prices gradually started selling their shares.
LIC Shares opened today at Rs 803.25 with intraday volume of 13,96,214 shares and a close price of Rs 794.05. Today shares fell around (0.95%) Since 14.12.2023 shares have dropped by more than 2.50%
Who is selling LIC Shares?
Hero Moto Corp Ltd
On 15th December 2023, LIC said that the amount of equity shares held by Hero Moto Corp Ltd. has decreased from 22,491,571 to 18,482,495, representing a reduction in ownership from 11.252% to 9.246%. At present time Hero Moto Corp holds a 9.246% LIC stake.
Sale type: Open Market Sale
About Hero Moto Corp Ltd: Hero Moto Corp’s recent market cap ₹ 76,568 Cr this is a large cap company, Niranjan Gupta current CEO of Hero Moto Corp. Originally called Hero Honda, Hero Moto Corp. is among the first motorbike manufacturers in India.
The firm was founded in 1984 as a technological joint venture with Japan’s Honda. Hero was selling cycles under the Hero Cycles brand before this partnership.
The joint venture came to an end in 2011 when the Honda Group sold the Munjals (promoters) their 26% share in the business. Following the Joint Venture’s closure, the firm was renamed Hero Motocorp. Hero is now the biggest two-wheeler manufacturer in the world.
LIC official document about hero decrease holding
Dixon Technologies India Limited
18th December 2023 according to LIC officially published data, Dixon Technologies India Limited’s equity ownership has dropped from 29,97,913 to 17,94,395 equity shares, or from 5.012% to 3.000% of the company’s paid-up capital. There is a 2% drop in ownership from April 20, 2022, and December 15, 2023. At present time Dixon Technology holds a 3.000% LIC stake.
Sale Type: Open Market Sale
About Dixon Technologies India Ltd: Dixon’s recent market cap ₹ 38,145 Cr. Atul Lall current CEO of Dixon Technologies INDIA. Founded in 1993, The biggest in-house design-focused solutions firm in India, Dixon Technologies India Limited produces goods for the consumer durables, lighting, and mobile/smartphone industries. One of India’s biggest producers of LED TVs is Dixon.
LIC official Document about dixon decrease holding
Tata Motors Limited
On 19 December 2023, LIC reported that from 169,802,847 to 102,752,081 Equity Shares, the amount of equity owned by Tata Motors Limited has reduced, from 5.110% to 3.092% of the company’s paid-up capital. Between August 28, 2015, and December 18, 2023, there was a 2% decline in holding. Now Tata Motors holds a 3.092% stake in LIC.
Sale Type: Open Market Sale
About Tata Motors Ltd: Tata Motors was founded in 1945 formerly named Tata Engineering and Locomotive Company Ltd ( TELCO ), company recent market cap ₹ 2,67,200 Cr this is a large cap company Marc Llistosella recent CEO of Tata Motors. The Tata Motors Group is a well-known multinational automaker. The Tata Group provides the global market with an extensive and varied range of automobiles, trucks, buses, sport utility vehicles, and defense vehicles. Through an extensive worldwide network of companies, it operates in India, South Korea, South Africa, China, Austria, Brazil, and the United Kingdom. In 2008, TATA Motors Ltd. purchased the renowned British brands Jaguar and Land Rover from Ford, and the two companies combined in 2013.
LIC official Document about Tata Motors decreased holding
Please keep in mind that LIC owns the government of India under the Ministry of Finance so any policy and decision change by the government it can impact LIC operations. LIC recent market cap ₹ 5,02,424 Cr a large cap company, according to data sep 2023 government of India holds a 96.50% stake.
