LIC listing drives govt's shareholding in NSE listed companies to record 7.15% in Q11 min read 03 Aug 2022, 10:40 PM IST
As per the latest report of Prime Database, the government's shareholding, as a promoter, in NSE listed companies climbed 7.15% in Q1FY23 compared to 5.48% in Q4FY22.
The listing of the country's largest life insurer, LIC has pushed the government's holding in NSE listed companies to a high of 7.15% in the quarter ending June 30, 2022 (Q1FY23) compared to 5.48% in the March quarter. In value terms, the government's holding in NSE-listed companies has risen by 20.24% to ₹16.99 lakh crore in Q1 due to the LIC IPO issue. Notably, there has been a significant decline in the government's holding in listed companies on NSE for over a decade.
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