Life Insurance Corp pares 2% stake in NMDC

State-owned Life Insurance Corporation of India (LIC) has reduced its stake in NMDC Ltd by 2%, decreasing its holding from 7.6% to 5.6%. LIC sold over 5.91 crore shares through market sales between September 2023 and December 2024. This follows LIC's recent stake reduction in Tata Power last month. NMDC's shares fell 2.91% on Friday.