Equity

Life Insurance Corporation bought nearly Rs 10 crore share in Coal India OFS

Last week Friday Coal India initiate the Offer for sale (OFS) in stock market. Coal India offer 4.51 % stock listed in offer for sale. LIC bought nearly 2.73% stock purchase in offer for sale.

Recently Govt announced PSU shares dis investment via make money in government. So Govt announced Coal India, BHEL, ONGC… shares also coming very soon offer for sale. Now last week Coal India dis investment 4.51 % stock that means Rs 22,558 cr amount worth share list in offer for sale.

LIC

Government sector stock maximum company share bought every time by Life Insurance Company. Life Insurance Company bought Rs 10,200 cr amount worth share bought Rs 358 in offer for sale. Coal India was the largest company in coal sector and it is the biggest sale in private or public sector. Coal India IPO is the biggest share sale in India Rs 15,000 cr.

Life Insurance Company also bought government company share like ONGC stock purchase in offer for sale last time 84% and SAIL company disinvestment LIC bought 70% stock.

 

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