LIC kickstarts talks to exit over Rs 5,000 crore stake in Tata Sons
LIC investments will turn unsecured post change in status of Tata SonsETMarkets.com | September 21, 2018, 14:44 IST
New Delhi: Insurance behemoth is looking to sell its stake in Tata Sons. According to ET NOW a stake of over 15 per cent in the holding company will be diluted immediately.
LIC investments will turn unsecured post change in status of Tata Sons, sources told ET NOW.
Tata Sons conversion into private firm from public company is the trigger behind the move.