" NEWDELHI: Salvaging government's disinvestment programme has cost state-owned LIC dearly as it has incurred loss of over Rs.3000 crore on purchases PSU's equity through the OPS route since Match 2012.
The shares of nine PSUs ONGC, Hindustan Copper Ltd, NMDC. NTPC, Rashtreeya Fertilizers and Chemicals (RCF) Nalco, SAIL, MMTC and National Fertilizers - in which the insurance major had purchased stakes are trading below their issue prices " Indian Express.
(Sampath Iyengar)