Life Insurance Corporation Divests Stake In Two Major Pharma Companies           Swipe to read more>>>

LIC reduces stake in Sun Pharma

LIC divests 2.011% stake, decreasing its shareholding to 3.012% in Sun Pharma

Open Market Transaction

The sale occurred between July 22 and September 13 at an average price of Rs 973.80 per share

Sun Pharma's performance

Sun Pharma reported a slight dip in net profit for Q2 2023 compared to the previous year

LIC's stake in Dr. Reddy's

Earlier, LIC also reduced its stake in Dr. Reddy's Laboratories from 9.681% to 7.628%

Open Market Route

The Dr. Reddy's stake reduction was conducted through open market transactions with an average floor price of Rs 5705.43 apiece

Focus on Pharma sector

LIC's recent actions reflect a shift in its investment portfolio within the pharmaceutical industry