A 70-year-old law and a 10% stake: What keeps LIC invested in NSE (opens original article in a new tab)

LIC maintains a 10% stake in NSE, giving it a director's seat on the exchange's board, while other major shareholders also retain their holdings. The stake is valued at over ₹53,000 crore, and LIC's investment is guided by long-term strategy and regulatory conditions.

• LIC holds a 5.57% stake in BSE Ltd. and a 10% stake in NSE
• LIC maintains a director's seat on NSE's board due to its significant stake
• NSE's board has two non-independent directors, including LIC's Dinesh Pant
• LIC's stake in NSE is valued at over ₹53,000 crore at ₹2,000 per share
• Sebi regulations limit NSE's non-independent directors to non-trading members