LIC Increases Stake in Railway Sector Miniratna Public Sector Undertaking (PSU) Indian Railway Catering and Tourism Corporation (IRCTC) to 9.3%.

Banking & Finance

Life Insurance Corporation of India (LIC) has increased its stake in the Indian Railway Catering and Tourism Corporation (IRCTC), a Miniratna Public Sector Undertaking (PSU), to 9.3%. This move reflects LIC’s growing confidence in the railway sector and the strategic importance of IRCTC, which plays a crucial role in catering and tourism services for Indian Railways. The increase in stake signifies a robust investment in the company, highlighting LIC’s commitment to enhancing its portfolio in the public sector. This development may also impact IRCTC’s stock performance positively, attracting more investors.


      LIC’s increased stake underscores its growing interest in the Indian railways and infrastructure sector.

     

     

 

     


About LIC,

CEO & MD : Siddhartha Mohanty
Headquarter : Mumbai
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