BUSINESS

LIC Shareholding in Listed Companies Drops to Lowest in Over a Decade

Life Insurance Corporation of India (LIC) stake in listed companies was at its lowest in 50 quarters for the quarter ended September 2021, shows the data from primeinfobase.com. LIC owns 3.69 per cent of the total listed universe based on available disclosures, the lowest since at least June 2009.

This is a fall from the 3.74 per cent stake held in the June 2021 quarter. The stake has primarily been in decline since June 2012.

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