LIC PUMPED IN Rs. 26,000 CRORE IN EQUITIES
Life Insurance Corporation of India (LIC), has pumped around Rs. 26,000 crore into the equities
markets (April 2009-October 2009). In comparison, overseas funds during the same period have bought Indian stock worth about $16 billion. The largest insurer in the country has also increased its
investments in non convertible debentures of many blue chip companies and has invested a little over Rs 17,000 crore in the same period. NCDs are structured debt product that cannot be converted into equity shares of the issuing company but carry a high interest rate. The life insurer has also disbursed close to Rs 5,000 crore towards various infrastructure projects including power, roads, airport and education in the current financial year.
markets (April 2009-October 2009). In comparison, overseas funds during the same period have bought Indian stock worth about $16 billion. The largest insurer in the country has also increased its
investments in non convertible debentures of many blue chip companies and has invested a little over Rs 17,000 crore in the same period. NCDs are structured debt product that cannot be converted into equity shares of the issuing company but carry a high interest rate. The life insurer has also disbursed close to Rs 5,000 crore towards various infrastructure projects including power, roads, airport and education in the current financial year.
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