LIC Pares Stake In Marico

Life Insurance Corp. of India has offloaded 25.77 million shares, or a 2.01% stake, in Marico Ltd. through market transactions between June 5, 2021, and June 11, 2025, the insurer said in an exchange filing.

Following the sale, LIC’s shareholding in the FMCG company has come down to 3% from 5.01%.