LIC reduces stake in Tata Global Beverages to 7.63%

01 Jan 2013 Evaluate

Life Insurance Corporation (LIC), the country’s largest life insurer has offloaded the shares of Tata Global Beverages for a period of over four months and reduced its stake in the company to a little over 7%. 

The state-run insurer has sold over 1.28 crore shares, representing around 2.08% stake, in the Tata group firm. These scrips were offloaded between August 23, 2012 and December 26, 2012, through open market sale. Prior to the sale, the public sector insurer held 9.71% stake in the company. The shareholding has now come down to 7.63%.

Tata Global Beverages formerly Tata Tea is a multinational non-alcoholic beverages company headquartered in Kolkata, West Bengal, India and a subsidiary of the Tata Group. It is the world's second-largest manufacturer and distributor of tea. Tata Global Beverages markets tea under the major brands Tata Tea, Tetley, Good Earth Teas and JEMCA.

Tata Consumer Produc Share Price

898.80 9.05 (1.02%)
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CCL Products (India) 747.00
Mcleod Russel 46.00
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