Dr M Khalid's global village blog

http://licreddy.com/Content/information/insurancenews_details.asp?NewsCode=4872 LIC Buys Double as Prices Dive 10-Aug-2011 Life Insurance Corp of India, the government's institution of choice to stabilise the stock market whenever it gets wobbly, has more than doubled stock purchases in the past three days as the global debt worry-triggered selloff made valuations attractive. LIC, the country's biggest investor with stakes in L&T, Axis Bank and Grasim, will raise its secondary market purchases this fiscal as IPOs dry up with promoters not keen to sell shares at lower valuations. "We have been buying in the past few days,'' said a LIC executive involved in decisionmaking. "With the market correcting and not many public issues coming up, we would be investing more in secondary market," said the person who did not want to be identified. LIC to Invest . 50k Cr More LIC, which had been buying stocks for an average of . 120 crore in the first four...

LIC hikes stake in Tata Steel NEW DELHI: Life Insurance Corporation of India has bought 9.4 lakh shares in  Tata Steel  from the open market, hiking its holding in the steel-making firm to a little over 14 per cent. In a communique to the Bombay Stock Exchange (BSE), Tata Steel said that following the acquisition of additional shares on August 12, LIC currently holds 13.49 crore shares, or a 14.06 per cent stake, in the firm. LIC had a 13.97 per cent stake in Tata Steel before the latest transaction, it said. As of June 2011-end, Tata Steel's promoters, including Tata Sons, held a 30.60 per cent stake in the company.  HTTP://ECONOMICTIMES.INDIATIMES.COM/MARKETS/STOCKS/STOCKS-IN-NEWS/LIC-HIKES-STAKE-IN-TATA-STEEL/ARTICLESHOW/9635868.CMS LIC holds 6.93 per cent stake in Maruti Suzuki India, while seven fund houses together hold 3.93 per cent stake. http://articles.economictimes.indiatimes.com/2014-02-25/news/47670874_1_royalty-shareholders-parent-c...

http://business.rediff.com/report/2009/aug/20/lic-buys-shares-of-rcom.htm Life Insurance Corporation of India [  Images  ] has hiked its stake in Anil Ambani [ Images  ] Group company Reliance Communications [  Get Quote  ] to 7.02 per cent after buying fresh shares worth Rs 1,274.4 crore through an open market transaction. LIC [  Get Quote  ] has purchased 4.16 crore (41.6 million) shares representing 2.01 per cent stake in private telecom services provider Reliance Communications worth Rs 1,274.4 crore (Rs 12.74 billion), Reliance Communications said in a disclosure to the Bombay Stock Exchange [  Images  ]. Prior to the purchase, LIC held 5 per cent stake in the company, while now it holds 7.02 per cent stake or 14.50 crore (145 million) shares of Reliance Communications. Shares of Reliance Communications on Thursday settled at Rs 245.25 on the Bombay Stock Exchange, up 2.08 per cent from the previous close.

http://www.thehindubusinessline.com/todays-paper/tp-markets/article976212.ece?ref=archive http://www.mydigitalfc.com/news/lic-gets-buying-spree-048 LIC gets into buying spree By  Falaknaaz Syed Aug 08 2011 , Mumbai Tags:  News As global markets went into a tailspin, public sector behemoth Life Insurance Corporation of India (LIC) has turned an aggressive buyer in local stock markets. In the last two days, LIC has remained a net buyer and bought frontline stocks worth Rs 1,000 crore, with most investments going into blue chip stocks from FMCG, IT, metals and engineering sectors. A senior LIC official told Financial Chronicle that the stocks are now available at 30-40 per cent discount. He said, LIC has in general refrained from buying banking shares. On Monday, LIC remained a net buyer and bought stocks worth Rs 500 crore, said the official. "We have been buying FMCG, IT, metals and engineering but have refrained from buying banking stocks. Only in some cases where ...

http://articles.economictimes.indiatimes.com/2011-08-10/news/29872290_1_illiquid-stocks-lic-secondary-market LIC buys double as global debt worry-triggered selloff makes valuations attractive Shilpy Sinha, ET Bureau   Aug 10, 2011, 01.30am IST Tags: Standard & Poor's | Power Finance Corp. MUMBAI: Life Insurance Corp of India, the government's institution of choice to stabilise the stock market whenever it gets wobbly, has more than doubled stock purchases in the last three days as the global debt worry-triggered selloff made valuations attractive. LIC, the country's biggest investor with stakes in L&T,  Axis Bank  and Grasim, will raise its secondary market purchases this fiscal as IPOs dry up with promoters not keen to sell shares at lower valuations. "We have been buying in the past few days," said a LIC executive involved in decision making. "With the market correcting and not many public issues coming up, we would be investing...