The Life Insurance Corporation of India (LIC) plans to invest around Rs 2,000 crore in the stock markets to buy equity shares over the next two months to meet its target.
LIC chairman S B Mathur said the state insurer needs to buy heavily from the market till March end to meet its target of Rs 4,500 crore deployment in stock markets.
When Mathur took over office in August last year, he had said that the corporation had envisaged an equity investment of Rs 4,500 crore for the fiscal 2003.
