Top institutional investor LIC buys stake in Nippon Life AMC
Top institutional investor LIC buys stake in Nippon Life AMC SECTIONS Share Synopsis Shareholder data as of December show Life Insurance Corporation (LIC) holds 90,62,231 shares, or a 1.48 per cent stake, in the company. Getty Images It could not be ascertained if LIC held any shares in the firm earlier. NEW DELHI: Life Insurance Corporation (LIC), India’s largest domestic institutional investor, emerged a major minority shareholder in Nippon Life India Asset Management, the company that runs Nippon India Mutual Fund. Life Insurance Corporation of India holds 90,62,231 shares or 1.48 per c...
Source: indiatimes.com