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LIC cuts stake in Ashok Leyland by 2 percent

The Life Insurance Corp (LIC) has lowered stake in Ashok Leyland by 2 percent by selling 5.71 crore shares in the open market.

Ashok Leyland said in a BSE filing that LIC that had 7.31 percent stake earlier, brought down its shareholding in the company to 5.30 percent by selling shares between November 4, 2014, and October 16, 2015.

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