LIC sold its entire stake in 8 companies, reduced stake in these 5 companies including HDFC Bank, bought them

In the last quarter of FY 2020-21, the country’s largest insurance company Life Insurance Corporation of India (LIC) has reduced its stake in several companies, including companies like HDFC Bank. But out of 10 companies in which LIC has reduced its stake the most in Q4, in 8 companies, LIC has reduced its stake to Zero. That is, LIC has sold its stake in 8 companies.

During the March quarter, the stock market showed tremendous momentum and the Nifty reached its all-time high with the Sensex. During this Nifty jumped more than 5%. In view of this boom, LIC made heavy profit booking and reduced its share in the total companies listed in the stock market to 3.66%, which is the lowest level ever.

According to data collected by Prime Database, LIC had 3.7% stake in Listet companies in the stock market as of December quarter, compared to 3.88% in Q4 last year and 5% in June 2012. The shareholding of LIC includes only those companies in which its holding is more than 1%.

Talking only of free-float shares, ie non-promoter holding, LIC’s ownership has increased to 7.39% in the March quarter as compared to 7.33% in the year-ago quarter. The number of shares has also increased in terms of ownership of shares to 0.85% of NSE’s total share from 0.84% ​​in the December quarter.

Sold the entire stake in these companies

The 8 companies in which LIC has sold its entire stake in Q4 include Central Bank of India. LIC has sold its 4.20% stake in this bank. While LIC has sold 3.56% of its shares in Hindustan Motors, 3.22% of its shares in Union Bank of India.

At the same time, Jyoti Structures has sold 1.94%, Morepan Laboratories 1.69%, RPSG Ventures 1.66%, Insecticides India 1.50% and Dalmia Bharti Sugar 1.50% shares in these companies, LIC no longer holds any stake in these companies.

Highest reduction in these companies

Among the companies in which LIC has reduced the maximum stake is HDFC Bank. LIC has sold 2095.57 crore shares of HDFC Bank. With this, shares of Maruti Suzuki worth Rs 1,181.27 crore, shares in Union Bank of India worth Rs 651.25 crore, shares in Kotak Mahindra Bank worth Rs 542.66 crore and Asian Paints worth Rs 463.08 crore. Sell.

Highest increase in stake in these companies

The companies where LIC increased its stake the most in the March quarter are Rev Vikas Nigam Limited, New India Assurance, Bajaj Auto, Tata Communications, J&K Bank, Adani Total Gas, Alembic Pharma, PI Industries, Aurobindo Pharma and Biocon.

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