Home / Companies / News / RIL, Tata firms top LIC's equity portfolio as insurer's valuation rises

RIL, Tata firms top LIC's equity portfolio as insurer's valuation rises

The value of investments in Adani firms more than double in the past year

Premium

The corporation reduced its stake in Adani Ports from 11.3 percent in December 2019 to 9.3 percent thus booking profits in the company’s shares

Dev Chatterjee Mumbai

3 min read Last Updated : Nov 17 2022 | 7:16 PM IST

The market value of Life Insurance Corporation’s stake in India’s top conglomerates has witnessed a sharp rise in the past year, with Reliance Industries and Tata group companies topping the valuation charts, according to data sourced from the stock exchanges. The value of investments in Adani firms more than double in the past year.

LIC’s stake in Reliance Industries was valued at Rs 1.09 trillion as on Wednesday versus Rs 95,292 crore a year ago (November 16, 2021); its stake in various Tata group companies was worth Rs 88,385 crore against Rs 84,127 crore a year ago. LIC’s investment in

Topics : LIC Tata group Reliance Group Adani Ports Voltas Reliance Industries Life Insurance Corporation LIC IPO Adani Port and SEZ financial year assets under management

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in