India’s largest domestic institutional investor Life Insurance Corporation of India (LIC) has sold nearly 2% stake in Adani Ports and Special Economic Zone (APSEZ) between November 2022 and December 2025, bringing its stake down to 7.34%, according to APSEZ’s filing with the stock exchanges on Friday.LIC had earlier held 9.35% stake in the APSEZ, which […]
State-owned insurers and one of India’s largest asset managers, Life Insurance Corp (LIC), have reduced their stake in refiner Bharat Petroleum Corporation Ltd (BPCL), reducing their stake from 8.75% to 6.75%. The cut comes as the state-owned refiner has reported a strong set of numbers for the September quarter, boosted by better refining margins and […]