Investment by Public Financial Institution in Tobacco Companies

The details of investments made by Life Insurance Corporation of India (LIC) and the Unit Trust of India (UTI) in ITC Limited are as under:

Investment made by

Number of share

Life Insurance Corporation of India

93,52,41,572

Unit Trust of India

89,68,68,810


LIC is investing in Government’s Securities, Infrastructure Financing and Companies including private sector within permissible regulatory norms. The Unit Trust of India which was established under the UTI Act 1963, invest in many public sector and private sector companies across various industries in terms of its main business. The investment in the equity shares of ITC Limited was one of such investments made by UTI.

This information was given by the Minister of State for Finance, Shri   Namo Narain   Meena in written reply to a question in Rajya  Sabha today.

08 May 2012