LIC's shareholding among listed companies fell to record lows

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MUMBAI: Life Insurance Corporation (LIC), which is gearing up for a mega IPO, has seen its share of listed companies fall to record lows at the end of the December quarter as it booked huge profits.

The shareholding of India's largest insurer fell to an all-time low of 7.5 per cent in terms of market value of all listed companies at the end of the December quarter, up from 7.8 per cent in the September quarter. LIC's shareholding in listed companies reached a record high of 3% in June 2016. The shareholding data includes six companies in which LIC holds more than one per cent stake.

In terms of value, LIC's shareholding value in listed companies is Rs. 4.5 lakh crore, an increase of 1.6 per cent over the previous quarter. The rise in shareholding value is attributed to the rise in the share price. In terms of growth, LIC Power Grid Corporation, Dredging Corporation, Computer Edge Management Services, Coforge, Deepak Nitrite, JSW ES .

On the other hand, 10 companies - IRB Infra Developers, ABB India, Hindustan Motors, Sterlite Technologies, Hindustan Aeronautics, Bombay Dyeing and Manufacturing, Central Bank, SAIL, KEC International and Bharat Bijli have shares.

According to the data, the equity holdings of all insurers fell to a six-year low of 6.5 per cent at the end of December 31 from 6.31 per cent in the previous quarter.

Comments

  1. Online ReportsJuly 7, 2022 at 4:02 AM

    Thanks for taking the time to discuss this, I feel strongly about it and love learning more on this topic. Investor Relations

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