Overview:
LIC is life insurance corporation of India. Life Insurance Corporation of India (LIC) is an Indian multinational public sector life insurance company. It is headquartered in Mumbai. LIC has branches in foreign countries. It is India’s largest insurance company with total assets under management of ₹45.7 trillion (₹ 45.7 Lakh Crore) (US$570 billion) as of March 2023, as well as the largest institutional investor.
It is owned by the Government of India and under the administrative control of the Ministry of Finance. Recently the GOI diluted its stake in LIC from 100% to 96.3%. Due to this LIC share price started increasing before listing and after listing it remained high for sometime then started felling down.
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Key people | Siddharth Mohanty (Chairperson) Ipe Mini (Managing Director) M Jagannath (Managing Director) Tablesh Panday (Managing Director) |
Holdings:
The LIC invests in sectors such as banks, cement, chemicals and fertilizers, electricity and transmission, electrical and electronics, engineering, construction and infrastructure, fast-moving consumer goods, finance and investments, healthcare, hotels, information technology, metals and mining, motor vehicles, and ancillaries, oil and natural resources, retail, textiles, transportation, and logistics.
Structure:
The Central Office of LIC is based in Mumbai. There are a total of 8 zonal offices, located in Delhi, Chennai, Mumbai, Hyderabad, Kanpur, Kolkata, Bhopal and Patna.
Market Capital:
The market capital of LIC is ₹3,83,674 crore. The face value of a share is ₹10.
FAQ
What is the share price of LIC?
The share price of LIC is 610.
How to apply for LIC ipo?
IPO is initial public offering. Now you cannot apply for ipo of LIC as it was offered in last year in 2022. If you want to buy a share or shares of LIC you can by it through demat account.
What is Demat Account?
A demat account helps investors hold shares and securities in an electronic format. This kind of account is also called a dematirilised account. It also helps to keep proper track of all the investments an individual makes in a shares, exchange-traded funds, bond and mutual funds in one place.