For Quick Alerts
For Daily Alerts

LIC Buys Shares Worth Rs 10,400 Cr In 18 Sensex Companies In Q3

By Super

New Delhi, Feb 22 (PTI) State-owned insurance giant LIC has increased its exposure in 18 Sensex firms, including ICICI Bank, Axis Bank and Bharti Airtel in October-December, with purchase of shares estimated to be over Rs 10,400 crore at current valuation.

LIC Buys Shares Worth Rs 10,400 Cr In 18 Sensex Companies In Q3

The holding of Life Insurance Corporation (LIC) declined in five other blue-chips in the third quarter from the level seen in the preceding three months, showed an analysis of the shareholding pattern of the Sensex constituents.

As for the rest, LIC did not hold any stake in Lupin in the past few quarters, while the insurer's stake remained unchanged in five companies -- Tata Steel, Tata Motors, Asian Paints and NTPC and data for Dr Reddy's was not available.

The insurance major has picked maximum stake in ICICI Bank during the quarter under review -- 4.26 percentage points.

Besides, LIC holds 16.08 per cent in Larsen & Toubro (L&T), the highest it has among the Sensex firms. At current share prices, LIC snapped up shares worth about Rs 10,415 crore in a total of 18 Sensex constituents.

At the same time, it sold shares worth about Rs 7,300 crore in five blue-chip companies, resulting in a net inflow of Rs 3,115 crore in all the Sensex firms together.

Individually, LIC raised stake in Bajaj Auto, Axis Bank, Bharti Airtel, State Bank of India and HeroMoto Corp among others, during the quarter.

Notably, in most of the companies, LIC has raised its holding by less than 1 percentage point.

On the other hand, the biggest institutional investor in the stock market trimmed holdings in Adani Ports & Special Economic Zone, L&T, Cipla, Coal India and HDFC.


Read more about: lic
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
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