Life Insurance Corporation of India (LIC) increased its holding in 94 stocks and reduced its stake in 72 during the quarter, resulting in net equity purchase over Rs 25,000 crore. With 345 listed equities and a total market value of Rs 16.84 lakh crore at the end of June 2025, LIC’s portfolio had increased by 10% from Rs 15.26 lakh crore at the end of the March quarter, as per a report by Moneycontrol.
In the June 2025 quarter, LIC became a major domestic equities investor, giving Indian markets vital support in the face of increased volatility.
One of LIC‘s most notable additions to its current holdings was Reliance Industries Ltd., when it purchased 2.56 crore more shares for a total of Rs 3,840 crore. Additionally, by acquiring 2.2 crore and 83.43 lakh shares worth Rs 3,285 crore and Rs 2,890 crore, respectively, it expanded exposure to Info Edge India and Tata Consultancy Services.
Larsen & Toubro (Rs 1,790 crore), Tata Motors (Rs 1,880 crore), Hindustan Unilever (Rs 2,324 crore), HCL Technologies (Rs 2,260 crore), Coforge (Rs 2,730 crore), and Infosys (Rs 2,500 crore) were among the other significant additions.
On the selling front, the country’s largest state-owned insurer reduced its stake in several large-cap names. The largest divestment was in HDFC Bank, where it sold 1.87 crore shares worth Rs 3,750 crore. It also pared holdings in ICICI Bank (Rs 3,490 crore) and Divi’s Laboratories (Rs 3,060 crore), along with Bharti Airtel (Rs 2,061 crore), Kotak Mahindra Bank (Rs 1,667 crore), Apollo Hospitals (Rs 1,590 crore), SRF Ltd (Rs 1,556 crore), and Eicher Motors (Rs 1,550 crore).
LIC cuts stake in few large names
The largest state-owned insurer in the nation decreased its ownership in a number of large-cap companies. The biggest disinvestment occurred in HDFC Bank, when 1.87 million shares valued at Rs 3,750 crore were sold. Along with Bharti Airtel (Rs 2,061 crore), Kotak Mahindra Bank (Rs 1,667 crore), Apollo Hospitals (Rs 1,590 crore), SRF Ltd (Rs 1,556 crore), and Eicher Motors (Rs 1,550 crore), it also pared its holdings in ICICI Bank (Rs 3,490 crore) and Divi’s Laboratories (Rs 3,060 crore).
According to regulatory reports, LIC’s name vanished from the list of shareholders in fourteen companies during the quarter, while it entered the shareholding pattern of ten new companies. Whether these withdrawals were the result of full sell-offs or holdings dropping below the one per cent reporting level has not yet been verified.
With their respective stake values last recorded at Rs 1,150 crore, Rs 740 crore, and Rs 175 crore, Coromandel International, Sanofi Consumer Healthcare, and Ceat Ltd. were among the names that vanished from shareholdings.
LIC’s new investments
On the other hand, LIC entered new companies by investing in stocks like Himadri Speciality Chemicals (Rs 288 crore), Siemens (Rs 1,440 crore), IREDA (Rs 1,060 crore), Mazagon Dock Shipbuilders (Rs 4,280 crore), Firstsource Solutions (Rs 950 crore), Samvardhana Motherson International (Rs 936 crore), and PCBL Chemical (Rs 440 crore).
ITC Ltd (Rs 82,342 crore), HDFC Bank (Rs 68,430 crore), and Reliance Industries Ltd (Rs 1.38 lakh crore) are the three largest holdings of LIC. Additional significant investments include Tata Consultancy Services (Rs 60,900 crore), IDBI Bank (Rs 54,756 crore), ICICI Bank (Rs 53,500 crore), Bharti Airtel (Rs 49,500 crore), State Bank of India (Rs 66,753 crore), L&T (Rs 67,900 crore), and Infosys (Rs 64,700 crore).