LIC's ownership of NSE-listed companies dropped from 3.64% in the previous quarter to an all-time low of 3.59%.
Additionally, it reduced its stake in Aurobindo Pharma from 5.01% to 2.265% between November 2021 and September 2024.
LIC's shareholding in Biocon has grown from 5,98,14,429 shares to 6,03,14,429 shares.
Life Insurance Corporation of India (LIC) has witnessed a total of 57% gain in the last one year, and almost 20% gain since the beginning of the year.
The demand order includes a Goods and Services Tax (GST) component of ₹294.43 Crore, interest of ₹281.71 Crore, and a penalty of ₹29.45 Crore.
Here are some of the stocks that may see significant price movement today: SpiceJet, LIC, Infosys, NLC India, Jai Corp, etc.
Life insurance companies in India are in a sales frenzy ahead of the October 1st implementation of new surrender value regulations.
The interest expense for the three months ending March 31, 2024, was ₹3,750.34 Crore, up from ₹2,827.60 Crore in Q4FY23.
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