LIC’s losses in ITC have widened to ₹10,445 crore within just two sessions

As the stock tumbled 13 percent following a tax hike. India’s largest institutional investor, Life Insurance Corporation of India (LIC), saw a sharp erosion in the value of its holding in the blue-chip FMCG major after the government announced a revised cigarette duty framework, triggering a nearly 14 percent plunge in ITC shares. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.