LIC Makes Investments Worth ₹21,700 Crore in 13 Stocks, Including Yes Bank, for the First Time in September Quarter

India’s largest insurance company, Life Insurance Corporation (LIC), has made several significant investments in the stock market during the September quarter. Amid heavy selling by foreign investors and market volatility, LIC made strategic purchases, providing support to the stock market and bringing stability. The company made net purchases exceeding ₹21,700 crore during the quarter, increasing its stake in 76 listed companies. It reduced its holdings in 81 companies and made first-time investments in 13 new companies.

However, LIC’s name has disappeared from the shareholder patterns of 31 companies, and it is unclear whether LIC has sold its entire stake in these companies or reduced its ownership to below 1%.

Among the companies where LIC increased its stake, the highest investment was made in State Bank of India (SBI), where it bought an additional 6.42 crore shares worth around ₹5,599 crore. It also increased its holdings in Sun Pharmaceuticals, HCL Technologies, Pidilite Industries, Coal India, NTPC, Tata Motors, Sipla, and Tata Consultancy Services.

LIC also made first-time investments in BSE Ltd, Yes Bank, ABB India, Varun Beverages, Shriram Finance, and Persistent Systems during the September quarter, allocating significant funds to strengthen its portfolio.

In contrast, LIC reduced its holdings in HDFC Bank, ICICI Bank, Larsen & Toubro (L&T), Bharti Airtel, Mahindra & Mahindra, Maruti Suzuki, and Kotak Mahindra Bank, among others. Overall, LIC’s investments have been carefully planned to optimize returns and ensure a diverse portfolio.