LIC buys Rs 16,400-cr shares in 12 cos

Published on May 18, 2015 00:49:44 AM
Business
Life Insurance Corporation (LIC) has increased its exposure in 12 Sensex firms, including Coal India, GAIL, Infosys, Bajaj Auto, Reliance Industries, Hero MotoCorp, ONGC, NTPC, Hindalco and Mahindra & Mahindra, in the January-March quarter, with purchase of shares estimated to be Rs 16,400 crore at current valuation. The holding of LIC declined in 12 other blue-chip companies in the quarter from the level seen in preceding three months, showed an analysis of the shareholding pattern of the Sensex constituents.