LIC reduces stake by 2% in Sun Pharma to 5.024%. Details here As per the regulatory filing, LIC's shareholding in Sun Pharma has diluted from 16,85,66,486 to 12,05,24,944 equity shares. Thereby, LIC's stake in Sun Pharma has been reduced from 7.026% to 5.024% of the paid-up capital of the latter.