LIC should protect its shareholding and ensure highest standards of functioning: Rajiv Takru

 

 

 

The government is nudging India’s largest local investor, the state-owned Life Insurance Corporation, to exercise greater control, including seeking more board seats if needed, in some of the listed companies in which it has sizeable holdings to ensure the safety of investments.

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Government’s disinvestment lifeline LIC sees opportunity in market rout

 

 

 

Insurance behemoth Life Insurance Corporation (LIC) has stepped up the purchase of equities at a time when foreign institutional investors have been hitting the sell button. The state-owned insurer has bought equities worth R2,500-3,000 crore over the last seven days, sources close to the development told FE.

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Life Insurance Corporation starts revamp, sets up two groups to look into issues

 

 

 

State-run Life Insurance Corporation has set up two groups to look into a host of issues, including investment strategy, marketing and review of its international operations and subsidiaries, two persons with knowledge of the development said.

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