The LIC’s stake remained unchanged in Tata Steel, BHEL, Vedanta and Tata Motors
Life Insurance Corporation (LIC) has increased its stake in 12 companies listed on BSE (Bombay Stock Exchange) in the fourth quarter of the last fiscal, according to a media report.
Among the companies included Coal India, Gail, Infosys, RIL and Bajaj Auto with the purchase of shares estimated to be Rs. 16,400 crore at current valuation, the report added.
On the other hand, LIC had declined its exposure in 12 other BSE-listed companies in Q4 FY15. The insurer sold shares worth Rs. 6,730 crore in 12 companies, the report further said.
LIC reduced its stake in Maruti Suzuki, Tata Consultancy Services, Cipla and Bharti Airtel among others.
The LIC’s stake remained unchanged in Tata Steel, BHEL, Vedanta and Tata Motors. LIC has bought shares worth Rs. 10,574 crore in Coal India in Q4 FY15. The insurer's stake in Coal India now stands at 4.65 per cent.
In addition, LIC holds 16.73 per cent in Larsen & Toubro (L&T).
Among the companies included Coal India, Gail, Infosys, RIL and Bajaj Auto with the purchase of shares estimated to be Rs. 16,400 crore at current valuation, the report added.
On the other hand, LIC had declined its exposure in 12 other BSE-listed companies in Q4 FY15. The insurer sold shares worth Rs. 6,730 crore in 12 companies, the report further said.
LIC reduced its stake in Maruti Suzuki, Tata Consultancy Services, Cipla and Bharti Airtel among others.
The LIC’s stake remained unchanged in Tata Steel, BHEL, Vedanta and Tata Motors. LIC has bought shares worth Rs. 10,574 crore in Coal India in Q4 FY15. The insurer's stake in Coal India now stands at 4.65 per cent.
In addition, LIC holds 16.73 per cent in Larsen & Toubro (L&T).
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