 "LIC")
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 the Adani group of companies is valued at Rs 77,562 crore, benefitting from the rise in the value of the
