Life Insurance Corporation (LIC) on Monday said its holding in L&T Technology Services Ltd (LTTS), a subsidiary of L&T, crossed past 5 per cent. The shares were acquired in ordinary course of transaction through open market, LIC said in a regulatory filing. The holding in company has crossed 5 per cent on April 21, 2023. The acquisition of shares were done during the period from October 20, 2021 to April 21, 2023 at an average cost of Rs 4,140.67 per shares, it said. LTTS is an engineering services provider, offers engineering, research and development and digitalisation solution to companies in the areas such as transportation, industrial products, telecom and medical devices.
With a 10 per cent fall in equity markets, the embedded value of LIC declines by 7 per cent
The first-year premium for the reporting quarter came at Rs 7,429 crore as against Rs 5,088 crore in the year-ago period, it said in an exchange filing after its board meeting.
Dalal Street's debutant LIC has been on a negative slope even in rate hike scenarios. So, is there any more downside to the stock after a 21% fall from its issue price? Or will it stage bounce back?
The consolidated income in the third quarter of 2019-20 rose to Rs 5,006.12 crore, from Rs 4,465.76 crore in same period year ago
The LIC ADO and LIC AAO online recruitment examinations were conducted from July 6th to July 13th
The loss seems to be mainly on account of a large drop in the profits made from the sale or redemption of investments
Sensex rally has helped nation's largest financial investor book 19% more profit in March quarter