Life Insurance Corporation of India (LIC) has trimmed down its stake in Tata Motors to 4.07% from 6.17% in third quarter on FY14. The country’s largest insurer has sold 5.74 crore of the company in October- December quarter.
Meanwhile, DII reduced stake in Q3 to 9.57% from 11.69%, however FII had increased their stake to 28.10% in the company from 27.25% in Q2.
Tata Motors is India's largest automobile company, is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world's fourth largest truck and bus manufacturer.
Meanwhile, DII reduced stake in Q3 to 9.57% from 11.69%, however FII had increased their stake to 28.10% in the company from 27.25% in Q2.
Tata Motors is India's largest automobile company, is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world's fourth largest truck and bus manufacturer.
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