Moneycontrol Bureau
State-owned insurer LIC trimmed exposure in key index mover stocks in the January-March quarter of 2013. LIC sold around 80 lakh shares in Infosys worth Rs 2,200 crore and offloaded 1.3 crore shares in HUL amounting to Rs 650 crore. During the period, the insurer got rid of 40 lakh shares in HDFC Bank worth Rs 260 crore, 1.3 crore shares (Rs 260 crore) in BHEL and 20 lakh shares (Rs 140 crore) in Bank of Baroda. However, it bought 1 .8 crore shares in Cairn worth Rs 540 crore in the same period.Earlier in March, LIC rescued government's share sale of steel major SAIL, by acquiring 70.57 per cent of the total offer. This amounts to about Rs 1,069 crore, of the total Rs 1,517 crore which the government raised by divesting 24.04 crore shares or 5.82 percent of its stake in Steel Authority of India through the offer for sale route.With the big buy, LIC helped the government inch closer to its revised target of raising Rs 24,000 crore through disinvestment in FY 13.In FY12, LIC had pumped in close to Rs 12,000 crore during the concluding minutes of government's Rs 12,750 crore equity sale in ONGC. It had also acquired shares worth over Rs 2,000 crore during the stake sale in NMDC, NTPC, Hindustan Copper, Rashtriya Chemicals and Fertilisers, Nalco and Oil India in FY13.| NAME OF THE COMPANY | NUMBER OF SHARES | RUPEES IN CRORE |
| Infosys (Sell) | 80 lakh | 2,200 |
| HDFC Bank (Sell) | 40 lakh | 260 |
| HUL (Sell) | 1.3 crore | 650 |
| BHEL (Sell) | 1.3 crore | 260 |
| BoB (Sell) | 20 lakh | 140 |
| Cairn (Buy) | 1.8 crore | 540 |
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