Established in 1956 after the nationalization of  245 private insurer LIC, which is India’s largest and Oldest life insurance company, is a government-owned entity and dominates India’s life insurance market with a strong market share.

Beyond insurance, LIC is one of the biggest institutional investors in India. It holds substantial stakes in many of the country’s top companies across sectors like banking, oil & gas, IT, and infrastructure. These investments make LIC a powerful force in India’s stock market and economy.  

Here is the list of 5 Companies where LIC bought fresh stakes worth over Rs. 100 Crores:  

1. INDIAN RAILWAY FINANCE CORPORATION

Headquartered in New Delhi, established in 1986, Indian Railway Finance Corporation (IRFC) is the dedicated financing arm of the Indian Railways IRFC’s primary role is to raise funds from the market to finance the acquisition of rolling stock assets (like wagons, coaches, and locomotives), as well as to support railway infrastructure projects and capacity expansion.

In the latest shareholding pattern for Q4 FY25, Life Insurance Corporation of India (LIC) has appeared as a shareholder in the company, holding 1.05 percent of the equity, equivalent to a total of 137,824,091 shares.

2. JINDAL STAINLESS

Established in 1970 and headquartered in New Delhi, Jindal Stainless Limited (JSL) is India’s largest manufacturer of stainless steel and one of the leading players globally. They have interests across steel, power, infrastructure, and energy. Jindal Stainless operates large integrated stainless steel plants, with its main manufacturing facilities located in Jajpur (Odisha) and Hisar (Haryana).

In the latest shareholding pattern for Q4 FY25, Life Insurance Corporation of India (LIC) has appeared as a shareholder in the company, holding 1.24 percent of the equity, equivalent to a total of 10,236,646 shares.

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3. KPIT TECHNOLOGIES

Established in 1990 and headquartered in Pune, Maharashtra. KPIT Technologies Limited is a leading Indian multinational company specializing in automotive engineering and software solutions.KPIT focuses on providing cutting-edge technology for the global automotive and mobility sector, including electric vehicles (EVs), autonomous driving, connected vehicles, and clean energy solutions.

In the latest shareholding pattern for Q4 FY25, Life Insurance Corporation of India (LIC) has appeared as a shareholder in the company, holding 1.32 percent of the equity, equivalent to a total of 3,620,365 shares..

4. PUNJAB & SIND BANK

Established in 1908 and headquartered in New Delhi. Punjab & Sind Bank is a government-owned public sector bank in India  The bank offers a full range of banking and financial services, including retail banking, corporate banking, loans, deposits, and digital banking services. It has a strong presence in Punjab and northern India, though it operates branches across the country.

In the latest shareholding pattern for Q4 FY25, Life Insurance Corporation of India (LIC) has appeared as a shareholder in the company, holding 1.33 percent of the equity, equivalent to a total of 94,138,232 shares.

5. BLS INTERNATIONAL SERVICES

Established in 2005 and headquartered in New Delhi, BLS International Services Limited is an Indian multinational company that specializes in providing outsourcing services for visa, passport, consular, and citizen services. BLS works with various governments and diplomatic missions around the world, helping them manage visa applications, document verification, biometric enrollment, and e-governance services.

In the latest shareholding pattern for Q4 FY25, Life Insurance Corporation of India (LIC) has appeared as a shareholder in the company, holding 1.06 percent of the equity, equivalent to a total of 4,383,235 shares.

Written By Abhishek Das

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