Epic Update : Infosys

LIC, the country’s largest insurer, has offloaded 2% stake in IT bellwether company Infosys. Following this, the insurer’s stake in the company now stands at 5% down from 7% earlier. The insurer has sold close to 1.16 crore shares amounting to Rs 3,738 crore through the open market on both the NSE and the BSE. The insurer had been consistently raising its stake in the company for the past two quarters.



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