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Insurance, MF players cut equity investments in Q4; LIC booked profits: Report Holdings by insurance companies declined to a 5-year low of 4.80 per cent as on March 31, down from 5 per cent at the end of December 31, 2020. Share Via Email   |  A+A A- By PTI MUMBAI: Insurance behemoth LIC opted for profit-booking by selling its equity stakes in companies during the March quarter, a report said on Monday. The IPO-bound company's stakes in 296 companies where it holds over 1 per cent stake slipped to an all-time low of 3.66 per cent at the end of March as against 3.70 per cent in Decembe...

MUMBAI: Insurance behemoth LIC opted for profit-booking by selling its equity stakes in companies during the March quarter, a report said on Monday. The IPO-bound company's stakes in 296 companies where it holds over 1 per cent stake slipped to an all-time low of 3.66 per cent at the end of March as against 3.70 per cent in December, the report by Prime Database said. Pranav Haldea, the managing director of Prime Database Group attributed this to profit-booking by India's largest institutional investor, adding that the stake held had touched an all-time high of 5 per cent in 2012. Interes...

LIC booked profits in Q4 while MFs, insurance players cut equity investments; here's why LIC relaxes claim settlement requirements; now life certificate procurement through video call process Insurance behemoth LIC opted for profit-booking by selling its equity stakes in companies during the March quarter, a report said on Monday. The IPO-bound company's stakes in 296 companies where it holds over 1 percent stake slipped to an all-time low of 3.66 percent at the end of March as against 3.70 percent in December, the report by Prime Database said. Pranav Haldea, the managing director of Prime...

Investment bankers are set to take home sizeable bonuses this year on the back of robust equity capital market activity in FY21, which saw record fundraising by way of qualified institutional placements (QIPs), infrastructure investment trusts (InvITs)/real estate investment trusts (REITs), and rights issues. Industry players estimate the average payouts to be in the range of 50-75 per cent of the bankers' annual salaries. For the top performers, the bonuses could be 100-125 per cent. The Covid-19 pandemic impacted the quantum of bonuses paid out last year as banks tried to conserve cash amid...

In terms of value, FPIs ownership reached an all-time high of Rs 41.83 lakh crore as of December 2020, up 29 percent from Rs 32.47 lakh crore in the preceding quarter, on account of rally in equity markets.