The company, on Tuesday, revealed in its regulatory filing, "ICICI Bank has entered into an agreement... in relation to an investment in Myclassboard Educational Solutions Pvt Ltd (MESPL)." LIC sells 2 pc stake in ICICI BankCountry's largest insurer Life Insurance Corporation (LIC) has sold 2 percent stake in private sector lender ICICI Bank through open market transactions. The insurer sold 13.8 crore shares, representing 2.002 per cent stake of ICICI Bank, over a period of November 27 to December 24, 2020, the bank said in a regulatory filing. Following the stake sale, LIC's holding in the bank has reduced to 6.74 per cent from 8.74 per cent earlier, it said. Shares of ICICI Bank on Monday closed 1.28 per cent higher at ₹520.20 on the BSE.

Source: Mint December 29, 2020 08:37 UTC