Is Life Insurance Corporation of India, the country's largest domestic institutional investor, gearing up for the government's upcoming disinvestment programme? The insurer is said to be trimming its holdings in several blue-chip stocks in past few days with stock market at record levels. Bankers and brokers said LIC is creating a corpus to invest in share sales of state-owned companies and recapitalisation of public sector banks.
Source - http://economictimes.indiatimes.com
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