LIC stock portfolio, Dec. 12 -- India's biggest institutional investor, Life Insurance Corporation of India (LIC), has slashed its stake in Adani Ports over the last one month, bringing it down to over 7%, according to the latest exchange filing on Friday, December 12.

LIC offloaded 3.89 crore shares of the Adani group company, amounting to 2.007% between November 11 and December 10, following which its stake in Adani Ports declined to 7.343%, representing 15.86 crore shares. Before the stake sale, LIC held 19.75 shares, or 9.35%, stake, according to the filing shared on BSE today.

The stake was offloaded by LIC via the open market.

According to the September quarter shareholding data, LIC owns a stake in seven of the 10 Adani group co...