Life Insurance Corporation of India's holding increased in nine Sensex companies during the January-March 2013 quarter, showed an analysis of the shareholding pattern of Sensex constituents.
Individually, LIC reduced its stake in Reliance Industries, Infosys, ONGC, State Bank of India, HDFC Bank, ICICI, Tata Steel, Tata Motors, among others during three months ended March 31, 2013.
At current share prices, LIC offloaded shares worth Rs 8,865 crore (Rs 88.65 billion) in a total of 17 Sensex constituents.
The Sensex fell by 591 points or three per cent during the March quarter.
Besides, LIC trimmed holdings in auto companies -- Bajaj Auto, Mahindra & Mahindra and Maruti Suzuki --, drug firms -- Sun Pharma and Cipla --, Hindustan Unilever and Larsen &
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