Indian Economy News

LIC, with m-cap of Rs 5.54 trn, is fifth most valued Indian company

With a market capitalisation of around Rs. 5.54 lakh crore (US$ 71.46 billion), the country's largest insurer, LIC, is the sixth most valuable firm in the country. Life Insurance Corporation (LIC) had a lukewarm stock market debut, following a huge IPO that netted the government Rs. 20,557 crore (US$ 2.65 billion).

According to BSE data, LIC's market capitalisation is higher than that of HUL which was at Rs. 5.27 lakh crore (US$ 67.97 billion) and HDFC at Rs. 3.97 lakh crore (US$ 51.21 billion). With a market capitalisation of Rs. 17.12 lakh crore (US$ 220.89 billion), Reliance Industries is the most valuable corporation, followed by Tata Consultancy Services Rs. 12.67 lakh crore (US$ 162.3 billion).

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.