LIC cuts stake in 27 Nifty firms; sells shares worth Rs 8000 cr

State-run insurance giant LIC has lowered its holdings in as many as 27 of the 50 blue-chip firms forming the market benchmark index Nifty, while selling shares worth an estimated Rs 8,000 crore. Read more

Life Insurance Corporation of India strengthens cash position, takes Rs 11,000 crore profit from share sales

Life Insurance Corp, the country’s biggest institutional investor, has turned contrarian, taking Rs 11,000-crore profit off the table from share sale this year at a time global funds have invested more than Rs 1.1 lakh crore. Read more