LIC to invest Rs 1.9 lakh cr in FY12

[caption id=“attachment_179893” align=“alignleft” width=“380” caption=“LIC has already invested Rs 1.25 lakh crore between April to November.”] [/caption]

State-run insurer Life Insurance Corp of India expects to invest Rs 1.9 lakh cr in the fiscal year ending March 2012, acting chairman D.K. Mehrotra told reporters.

LIC, which is a major investor in India’s capital markets, has already invested Rs 1.25 lakh crore between April to November, he said.

India’s stock market was among the worst performing major markets globally in 2011, declining 24.5 percent during the year, as economic growth in Asia’s third largest economy slowed.

Reuters