One of the largest institutional investors in the stock market, Life Insurance Corporation (LIC), has seen a sharp erosion in some of its prominent holdings. The stock prices of some of its holdings LIC Housing (40%), MTNL (19%), TIL (10%), Empire Industries (13%) and Orissa Minerals (15%) have plummeted between 20% and 60% till date.
Selling family jewels
LIC pares holding in Axis Bank amid rising losses in the state-owned insurer's portfolio
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