LIC books Rs10,000 crore profit as markets rally
The state-run insurer expects to step up equity investments in the current financial year
Mumbai: State-run insurer and India’s largest institutional investor Life Insurance Corp. of India (LIC) booked profits worth at least 10,000 crore in the January-March quarter, taking advantage of a rally in stock prices, according to two senior LIC officials.
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more