Wednesday, 9 May 2012

Investment by Public Financial Institution in Tobacco Companies


The details of investments made by Life Insurance Corporation of India (LIC) and the Unit Trust of India (UTI) in ITC Limited are as under:

Investment made by
Number of share
Life Insurance Corporation ofIndia
93,52,41,572
Unit Trust of India
89,68,68,810

LIC is investing in Government’s Securities, Infrastructure Financing and Companies including private sector within permissible regulatory norms. The Unit Trust of India which was established under the UTI Act 1963, invest in many public sector and private sector companies across various industries in terms of its main business. The investment in the equity shares of ITC Limited was one of such investments made by UTI.

             This information was given by the Minister of State for Finance, Shri   Namo Narain   Meena in written reply to a question in Rajya  Sabhatoday.

No comments:

Post a comment

You May Also Like

loading...

Popular posts