For Quick Alerts
For Daily Alerts

    LIC lowers stake in 27 firms on Nifty, sells shares worth Rs 8,000-cr

    By Religare
    LIC lowers stake in 27 Nifty firms; sells equities
    State-run insurance company, Life Insurance Corporation of India (LIC) has lowered its holdings almost 27 of the 50 firms that make up the benchmark index Nifty, while selling shares worth an estimated Rs 8,000 crore.

    As per the data, the stepped-up share purchase by FIIs and an uptrend in the stock market, LIC has managed to book profits in many blue-chip stocks, for the three-month period ended December 31, 2012.

    LIC holds shares worth about Rs 2.33 lakh crore in all the Nifty companies put together, but it lowered its holding in a total of 27 Nifty companies during the quarter.

    As per the analysis of the changes in the shareholding patterns of these 27 companies, the cumulative value of LIC holding in them fell by little over Rs 8,000 crore during the quarter.

    On the other hand, LIC further ramped up its stake in a total of 14 Nifty constituents with purchase of shares worth an estimated Rs 4,000 crore.

    Read more about: lic nifty sensex
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more