Priyanka Tiwari
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Suspense crime, Digital Desk : India's largest insurer, Life Insurance Corporation of India (LIC), has seen one of its most strategic investments soar in value, with its stake in the National Stock Exchange (NSE) now emerging as the fifth most valuable holding in its colossal portfolio. This significant surge underscores the growing financial prowess of India's unlisted market and LIC's astute investment strategy.
The unlisted shares of the National Stock Exchange have witnessed a remarkable appreciation, directly contributing to the stratospheric rise in the valuation of LIC's stake. While exact figures for the increase weren't detailed, the overall value of LIC's holdings in the NSE has climbed to a point where it now stands among the top five most prized assets for the insurance giant.
This places the NSE stake in an elite club within LIC's vast investment landscape. The top four most valuable holdings for LIC, based on the market value of their listed counterparts, are:
- Larsen & Toubro (L&T)
- ITC Ltd.
- Reliance Industries Ltd. (RIL)
- State Bank of India (SBI)
The fact that an unlisted entity like NSE can command such a high valuation within LIC's portfolio highlights the immense potential and robust performance of India's premier stock exchange. NSE is not only the largest stock exchange in India by turnover but also a critical pillar of the country's capital markets infrastructure.
Beyond its substantial holding in NSE, LIC also maintains a significant stake in the Bombay Stock Exchange (BSE), further solidifying its pervasive presence across India's financial market ecosystem. This strategic diversification, coupled with its long-term investment horizon, continues to position LIC as a dominant force in the Indian investment landscape, leveraging both listed and unlisted opportunities for substantial returns. The recognition of NSE as a 'crown jewel' in its portfolio is a testament to the exchange's pivotal role and impressive growth trajectory.
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