Life insurance giant LIC has made a profit of Rs 11,000 crore through its equity investments in the recently concluded 2015-16, a senior official said on Thursday.
"We saw some profit booking opportunities during the fiscal and have made a profit of Rs 11,000 crore through our equity investments in the recently concluded FY16," LIC's executive director for investment operations Pravin Kutumbe told reporters on the sidelines of an event.
He said the largest domestic investor pumped in Rs 2.70 lakh crore across equity and debt markets in the fiscal, of which Rs 65,000 crore was in the equity segment.
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LIC makes a neat Rs 11,000 crore profit in stock market
By IndianMandarins - 2016-04-08 11:17:36
Life insurance giant LIC has made a profit of Rs 11,000 crore through its equity investments in the recently concluded 2015-16, a senior official said on Thursday.
"We saw some profit booking opportunities during the fiscal and have made a profit of Rs 11,000 crore through our equity investments in the recently concluded FY16," LIC's executive director for investment operations Pravin Kutumbe told reporters on the sidelines of an event.
He said the largest domestic investor pumped in Rs 2.70 lakh crore across equity and debt markets in the fiscal, of which Rs 65,000 crore was in the equity segment.
