LIC sells stake worth Rs 2,625 crore in Maruti Suzuki

State-owned insurer LIC has reduced its stake in Maruti Suzuki by selling over 2 per cent of its stake, worth approximately over Rs 2,625 crore, in the country's largest car maker. LIC's stake in Maruti now stands at 6.22 per cent.

LIC has sold 61,31,781 shares over a period of two years between May 17, 2013 and July 29, 2015 in the open market, Maruti Suzuki India said in a filing to the BSE.

Before the sale, LIC held 8.24 per cent in Maruti Suzuki.

Maruti shares on Friday were up by 0.81 per cent to close at Rs 4328.25 apiece from the previous close on the BSE.