Money Tree

LIC has made a bid for 1 crore shares of Maruti Udyog Ltd. at Rs. 800 per share and Corporation bank has made a bid for 1 lac shares at Rs. 850. The Government is selling its stake in Maruti through auction and has invited bids from financial institutions and Banks. The Government of India is selling a total of 3 crore shares in Maruti Udyog Ltd.
The price of the stock has shoot up to 810 just after coming in of this news, the stock was trading below Rs. 800 levels in the morning.