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LIC cuts stake in Colgate Palmolive

LIC cuts stake in Colgate Palmolive

Life Insurance Corporation (LIC) has cut its stake in Colgate Palmolive (India) by over 2% by selling 55.18 lakh shares in the open market. LIC had 7.03% stake in Colgate-Palmolive earlier, which came down to 5% after selling shares between November 1, 2017, and January 14, 2019.

Colgate Palmolive (India) has trusted brands for dental care, personal care, home care and professional oral care. The company is the fastest growing and one of the oldest companies catering to the personal care products.

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