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Inside LIC’s Rs 16 lakh crore portfolio: Its biggest stock buys and sells in June quarter
Life Insurance Corporation bought shares worth over Rs 16,000 crore in June. Bharti Airtel and Maruti Suzuki saw the largest buying from the insurer. LIC also sold shares worth over Rs 13,000 crore during this period. Its overall market share declined to an all-time low despite net buying. Financial services remained the largest sector exposure for LIC's portfolio.
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cnbc.com
India to raise up to $3.3 billion by selling stake in country’s largest life insurer at 10% discount
Indian government plans to raise up to $3.3 billion by selling its stake in the country's top life insurance company.
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thehindubusinessline.com
LIC slips to lowest in nearly 4 months on discounted stake sale
LIC shares hit a four-month low, falling 8.9% amid government plans to sell a 6.5% stake at a discount.
