New Delhi, Sept. 15 -- Grasim Industries share price traded higher on Monday amid a muted trend in the Indian stock market. The Aditya Birla Group company is a major cement and textile manufacturer in India, with a market capitalization of more than Rs.1.91 lakh crore.

The state-run insurance behemoth, Life Insurance Corporation of India (LIC) has decreased its shareholding in Grasim Industries during the current quarter.

According to a stock exchange filing, LIC has sold 1,36,67,607 equity shares of Grasim Industries, representing a 2.008% stake in the company, in the open market. Grasim shares were sold between November 23, 2021 to September 10, 2025.

Prior to the transaction, LIC held 6,47,02,813 Grasim shares, totalling 9.507% equi...