New Delhi, Sept 23 : The Indian stock market may have seen its cycles of volatility over the past few quarters, and Life Insurance Corporation of India (LIC) lost Rs 22,506 crore in equity holding value between March and June.
Data compiled by Moneycontrol showed that LIC’s equity holding value was at Rs 5.98 lakh crore at the end of the June quarter of FY20.
However, LIC – India’s largest insurer – has seen a 62.7 percent rise in the value of its equity holding over the past three years. The value rose by Rs 74,781 crore in FY19 itself.
Between June 2016 and June 2019, the value of LIC’s equity holding rose by almost Rs 2.31 lakh crore.
This is amidst talks that LIC wanted to keep equity investments below Rs 60,000 crore every year.
Home Business/Technology LIC remains market king despite short-term pains with 62.7% gain in equity...
