The insurer, known for making large equity investments, has substantial holdings in many listed companies. The dent comes at a time when the government is drawing up plans of listing LIC at the bourses, subject to legislative changes and regulatory approvals.
The value of the insurer’s holdings in listed companies at the end of the December 2019 quarter stood at ₹6.02 trillion, which has come down to ₹3.99 trillion now, translating into a mark-to-market hit of ₹2.03 trillion, or 34 per cent.
The study is based on 209 companies of the S&P BSE 500 index in which LIC held over 1 percentage point stake in the December 2019 quarter. These companies accounted 65 per cent of the market capitalisation of BSE-listed companies.
Diese Geschichte stammt aus der March 20,2020-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der March 20,2020-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
US commerce dept revokes export licences to Huawei
Considers regulatory push to restrict export of closed source Al models
FTX customers to recover funds lost in collapse
REUTERS 8 May Crypto exchange FTX will have between $14.5 billion to $16.3 billion to pay its creditors and customers, according to an amended reorganisation plan filed by the company on Tuesday in US bankruptcy court.
India Inc'surprised' at PM's Adani-Ambani jibe at Rahul
Leaders of India Inc expressed surprise at Prime Minister (PM) Narendra Modi's remark that Congress leader Rahul Gandhi has suddenly stopped talking about (Mukesh) Ambani and (Gautam) Adani in the ongoing election while suggesting that a \"secret deal\" may have been struck between Congress and the business leaders.
PSUs not in disarray, thriving under Modi regime: Sitharaman
'Net worth of CPSES increased 82% in 9 years'
Ready to support Cong to bring down BJP govt: JJP
Haryana CM Nayab Singh Saini said his govt not in any trouble
The road to Delhi goes via Kanpur
Kanpur Lok Sabha constituency is a bellwether of India's voting behaviour, boast keen observers, mostly comprising the city residents.
Pitroda sparks debate with 'racist' remarks
Resigns as chairman of Indian Overseas Congress
Temple narrative no guarantee for win
Voters in Odisha's Puri and Sambalpur say local issues, poll dynamics matter
India can grow 6.5-7% over next decade: CEA
India could continue to grow at a rate of 6.5-7 per cent over the next decade with better balance sheet strength in the financial and non-financial sectors, Chief Economic Advisor (CEA) V Anantha Nageswaran said on Wednesday.
Shares given as gift may escape capital gains tax
This may happen if an HC ruling sets a precedent