LIC invests ₹34k cr in equity during Q12 min read . Updated: 13 Aug 2022, 06:46 AM IST
- LIC is known for its capability to lend the strongest support to Indian equity markets, bought shares worth at least Rs. 46,444 Crore during the April-June period on a gross basis, while selling equities worth over Rs. 12,000 Crore during the quarter, said an LIC executive during the conference
MUMBAI : Life Insurance Corp. of India (LIC) made net purchases of shares worth more than ₹34,000 crore from the equities market in the fiscal first quarter, the country’s largest insurer said on Friday, as it announced a sharply higher net profit of ₹602.78 crore for the June quarter.
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