National Stock Exchange (NSE) has now been included in the five largest investments of Life Insurance Corporation of India (LIC). According to an analysis by Moneycontrol, LIC has 10.7% stake or about 26.53 crore shares of National Stock Exchange (NSE) by the March quarter of FY 2025.
Currently, one share of NSE is trading at a price of around Rs 2,500 in the unlisted market. According to this, the total value of LIC’s stake in NSE is around Rs 66,319 crore. This is the fifth largest holding of LIC in any listed company.
LIC’s four biggest holdings are in Reliance Industries (RIL), ITC, HDFC Bank and State Bank of India (SBI). LIC holds 89.39 crore shares of Reliance Industries, which is equivalent to 6.74 per cent stake in the company. Its value at the current market price is around Rs 1.34 lakh crore.
At the same time, LIC’s stake in ITC is 194.18 crore shares or 15.52 per cent, whose market value is around Rs 80,874 crore. Similarly, the value of LIC’s investment in HDFC Bank is Rs 72,180 crore and its investment in State Bank of India is around Rs 68,031 crore. Talking about LIC’s other big investments, its stake in Larsen & Toubro (L&T) is valued at Rs 66,272 crore and in Infosys Limited at Rs 62,432 crore.
LIC has invested in a total of 351 shares
According to the data till the March quarter, LIC had invested in the shares of a total of 351 companies, whose total value was around Rs 15.18 lakh crore. However, in its previous quarter, LIC had invested in 352 companies and its total value was around Rs 15.88 lakh crore.
IPO expectations and enthusiasm in the market
The total valuation of NSE is currently believed to be around Rs 5.7 lakh crore, which makes it one of the 10 most valuable companies in the country. The price of NSE shares in the unlisted market has increased by more than 50% in the last one month. This boom is linked to the expectation that the Initial Public Offer (IPO) of NSE may be launched soon. Dalal Street has been waiting for this IPO for a long time.
SEBI Chairman Tuhin Kanta Pandey said at the CFO Awards event held recently in Mumbai that there is no regulatory hurdle now regarding NSE’s IPO. He also clarified that the issue related to the demerger of the clearing corporation is no longer an obstacle. According to Pandey, the consultation paper issued on this only reflects SEBI’s thinking and not the final policy.
