LIC’s ₹25,000 Crore Stock Reshuffle: Bigger Bets on Reliance, TCS, Defence; Major Exits Include HDFC Bank, ICICI
LIC reshuffles ₹25,000 crore in stocks, raises stakes in Reliance, TCS, defence firms; trims HDFC, ICICI holdings. What’s next?
LIC boosts equity bets with ₹25,000 crore reshuffle; Reliance, TCS, defence stocks gain, banks face selloff.
The Life Insurance Corporation of India (LIC) ramped up its equity investments by ₹25,000 crore during the June 2025 quarter, reshaping its portfolio with aggressive buys in key blue-chip and defence stocks, while also trimming stakes in several big names. The state-owned insurer now holds stakes in 345 listed companies, with its equity portfolio surging to ₹16.84 lakh crore, a 10% jump from the March-end figure of ₹15.26 lakh crore, according to a Moneycontrol report.
📈 Top Buys: Reliance, TCS, Info Edge, Defence Stocks
LIC significantly increased its exposure to:
- Reliance Industries: Bought 2.56 crore shares worth ₹3,840 crore
- TCS: Added 83.43 lakh shares worth ₹2,890 crore
- Info Edge India: Invested ₹3,285 crore
- L&T: ₹1,790 crore
- HUL: ₹2,324 crore
- Infosys: ₹2,500 crore
- Coforge: ₹2,730 crore
HCL Technologies and Tata Motors were also among notable buys
LIC’s shift also included strategic entries in defence and speciality chemical stocks, such as:
- Mazagon Dock Shipbuilders: ₹4,280 crore
- IREDA: ₹1,060 crore
- Siemens: ₹1,440 crore
- Himadri Speciality Chemicals, Firstsource Solutions, Samvardhana Motherson, and PCBL Chemical
📉 Major Trims: HDFC Bank, ICICI, Bharti Airtel
On the sell side, LIC exited or reduced stakes in:
- HDFC Bank: Sold 1.87 crore shares worth ₹3,750 crore
- ICICI Bank: ₹3,490 crore
- Divi’s Laboratories: ₹3,060 crore
- Bharti Airtel: ₹2,061 crore
- Kotak Mahindra Bank, Apollo Hospitals, Eicher Motors, and SRF Ltd also saw significant stake reductions
🏦 Portfolio Changes: Entry & Exit
During the quarter, LIC exited the shareholder lists of 14 companies, including:
- Coromandel International
- Sanofi Consumer Healthcare
- Ceat Ltd
These may have been full exits or holdings dropping below the 1% disclosure threshold. At the same time, LIC entered the shareholding pattern of 10 new firms.
🏢 LIC’s Top Holdings (as of June 2025)
- Reliance Industries Ltd: ₹1.38 lakh crore
- ITC Ltd: ₹82,342 crore
- HDFC Bank: ₹68,430 crore
- L&T: ₹67,900 crore
- State Bank of India: ₹66,753 crore
- Infosys: ₹64,700 crore
- TCS: ₹60,900 crore
IDBI Bank, ICICI Bank, and Bharti Airtel also rank among top assets
📊 Summary
LIC’s strategic realignment suggests a bullish stance on Indian IT, infrastructure, and defence sectors, while dialing back from overexposed financial and pharma stocks. Market watchers are keeping a close eye on what LIC could buy—or sell—next.
