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LIC invests Rs. 352.93bn in equities in 9-month of FY14

The life insurer will invest Rs. 20 billion in March in order to acquire 5% stake in BHEL

March 03, 2014 4:04 IST | India Infoline News Service
Life Insurance Corporation of India has invested Rs. 322.93 billion in the stock market in the nine months of 2013-14, according to a media report.

LIC had invested Rs. 332.08 billion in equity markets in the nine months of 2012-13, the report added.

The life insurer will invest another Rs. 20 billion in March in order to acquire 5% stake in power equipment manufacturer BHEL, the report further said.

At the same time, the insurer had invested Rs 1.52 trillion in government bonds, corporate bonds, infrastructure and projects etc during the three quarters of 2013-14.

The Corporation invested Rs 1.32 trillion in government securities and other approved securities as against Rs 1.17 trillion in the same period of the previous fiscal.


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