(B.S)
Life Insurance Corporation of India (LIC) sold 204,413,392 equity shares or 2.035% stake of NHPC from 27 April 2016 to 17 March 2022. Post transaction, Life Insurance Corporation of India (LIC) decreased its shareholding to 726,211,315 equity shares or 7.23% stake from 930,624,707 equity shares or 9.265% stake held earlier in NHPC. The deal was executed as market sale.
As of 31 December 2021, Life Insurance Corporation (LIC) of India held 7.43% stake in the companm Shares of NHPC were trading 0.36% higher at Rs 28 on BSE in morning trade NHPC is the largest organization for hydropower development in India. It has also diversified in the field of solar & wind power. As of 31 December 2021, the Government of India held 70.95%.
