New Student Offer- Use Code HELLO

Register Now

LIC reduces stake in HDFC Asset Management Company to 6.953% from 9.046%

Published on December 12, 2023
Current Context: The Life Insurance Corporation of India (LIC) announced on December 8, 2023, that its shareholding in HDFC Asset Management Company Limited has decreased from 1,93,11,744 to 1,48,44,466 Equity Shares.
LIC reduces stake in HDFC Asset Management Company to 6.953% from 9.046%
  • This corresponds to a decrease in shareholding from 9.046% to 6.953% of the paid-up capital of the company.
  • The decrease of 2.093% in holding occurred during the period from December 14, 2022, to December 7, 2023.
  • The average cost of acquisition during this period was Rs 2863.45. On the day of the announcement, the shares of LIC were trading at Rs 773.95.

Question:

Q.1 What is the new shareholding of LIC in HDFC Asset Management Company Limited?
a. 9.046%
b. 6.953%
c. 7.953%
d. 8.046%

Can I help you?

ramandeep singh

Hey I am Ramandeep Singh. I am determined to help students preparing for RBI, SEBI, NABARD and IBPS exams. Do you want me to help you ?

Join my class here
    Follow me:
Close Menu
Close Menu