LIC has sold nearly 2 per cent stake in Glaxosmithkline (GSK) Pharmaceuticals, which saw stocks falling nearly 1% on the bourses. Following the stake sale, LIC holding in GSK Pharmaceuticals reduced to 5.99% from 8% earlier.
As per data available on the exchange, LIC offloaded 34.02 lakh shares in GSK Pharma through open market transaction. The disclosure was made after market hours on 20 December 2019. The filing, however, did not disclose the sale value.
LIC offloads 2% stake in GSK Pharmaceuticals
Byadmin
January 30, 2020
