Lic Chief Sees Room For All Players

S B Mathur, chairman of the Life Insurance Corporation of India, says LIC will hawk some of its shares in the market, in the concluding part of an interview:

LIC holds stakes in virtually all companies in India. Would you like to encash these holdings?

We would like to purchase liquid stocks. This will also lead to a rationalisation of our existing portfolio. There is no point in acquiring stock which is illiquid. We have a large basket of shares, which we are reviewing. If we get a good price, we will get out.

It will not be possible to get out totally, but we will be guided by what is in the best interests of the policyholder