- The LIC sold about 2.045% or 34.20 lakh shares of its holding in GSK Pharma during the period of September 2018-22.
- As per the LIC, in the period of 4 years, the stake sale happened at an average price of Rs. 1,549.40.
- Apart from the LIC, the General Insurance Corporation of India (GIC), too, holds a 1.42% stake in GSK Pharma.
- LIC is a Government of India-owned insurance and investment corporation which was founded in 1956 under the Life Insurance Corporation Act, 1956.
- It has its headquarters in Mumbai, Maharashtra and its current Chairperson is M R Kumar.
Question:
Q.1 Recently the LIC diluted its stake in which global pharma company?a. Moderna
b. Pfizer
c. Glaxo Pharma
d. Bharat Biotech
