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LIC Housing Finance Q1 profit rises 6% to Rs 407 crore

LIC Housing Finance Q1 profit rises 6% to Rs 407 crore

LIC Housing Finance has reported a 6.3 percent increase in standalone net profit at Rs 407.84 crore for first quarter ended June.

LIC acquires NMDC shares worth over Rs 1,116 cr

State-owned iron ore miner NMDC on Wednesday said Life Insurance Corporation of India (LIC) has acquired almost 8 crore of its shares shares worth over Rs 1,116 crore in a market purchase.

LIC sells about 2% stake in Tata Communications

State-owned Life Insurance Corporation (LIC) brought down its stake in Tata Communications by about 2.03 percent in the company through open market transaction.

UCO Bank to raise about Rs 400 cr by selling shares to LIC

LIC currently holds 8.69 percent stake in UCO Bank. Following the fresh investment, stake of LIC would further go up by more than 5 percent.

LIC reduces stake in Colgate-Palmolive to 2.98%

State-owned Life Insurance Corporation (LIC) has cut 2.03 percent stake in FMCG firm Colgate-Palmolive to bring down its shareholding in the company at 2.98 percent after selling 27.60 lakh shares in the open market.

LIC sells shares worth Rs 6,300 cr in Sensex cos

State-owned life insurer LIC lowered its exposure in 15 blue-chip firms during the January- March quarter with sale of shares that are currently worth over Rs 6,300 crore.

IOB to raise Rs 400 cr by selling shares to LIC

State-owned Indian Overseas Bank today said it plans to raise Rs 400 crore by selling shares on preferential basis to Life Insurance Corporation.

LIC reduces stake in Britannia to 3.26%

Shares of Britannia Industries were trading at Rs 835.10 apiece, up 1.40 percent on the BSE in the afternoon trade.

LIC buys shares worth Rs 8,700 cr in 17 Sensex cos in June qtr

The insurer stake in two companies -BHEL and Sterlite Industries- remained unchanged during the same period.

LIC picked up half of Hind Copper shares on offer

LIC picked up 2.25 crore shares, or 2.43 percent stake, of the total 5.16 crore shares put on offer.

LIC buys $2-bn worth shares in Indian cos in Apr-Jun: Report

The country's largest insurer LIC has purchased shares worth over USD 2 billion (about Rs 11,000 crore) in Indian companies - mostly in sectors like utilities, energy and software - during the April-June period, according to a report by BofA-Merrill Lynch.

IDBI Bank to raise Rs 5,294 cr from share sale

State-owned IDBI Bank on Friday said it would raise up to Rs 5,294 crore from various means, including share sale to government and LIC.