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LIC, Singapore govt hike stake in Reliance
In an exclusive interview to NDTV Profit’s Vijay Iyer, D.K. Mehrotra, chairman, Life Insurance Corporation of India (LIC) talks about LIC's targets for investments in the equity market this coming year and what sectors are looking attractive to the insura
20 Jul 2012, 03:39 PM IST 
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Anand Shimpi (Image courtesy: theverge.com)
State-run insurance giant LIC and the government of Singapore have hiked their stakes in Reliance Industries with the purchase of shares worth over Rs 1,550 crore during the last quarter.Life Insurance Corp of India (LIC) increased its stake in Mukesh Ambani-led Reliance Industries ltd (RIL) from 7.09 per cent to 7.77 per cent during the quarter ended June 30, 2012.During the same period, the government of Singapore also raised its R...
