LIC sells 2.14 pc stake in Bharati Shipyard for Rs 13.18 cr

Life Insurance Corporation of India has sold 2.14 per cent stake in shipbuilding firm Bharati Shipyard for Rs 13.18 crore, through open market.

LIC of India has sold 2.14 per cent or 5,90,347 shares of the shipbuilding firm, Bharati Shipyard said in a disclosure to the Bombay Stock Exchange.

LIC held 12.71 per cent stake in the shipbuilding firm, while now it holds 10.57 per cent stake in Bharati Shipyard.

Shares of Bharati Shipyard today closed at Rs 221.60 on the BSE, up 5.57 per cent from its previous close.