ITC stock: LIC loses Rs 11K cr notionally in 2 days on cigarette excise duty hike

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LIC's holding value in ITC, thus, fell to Rs 69,498.57 crore from Rs 80,079.84 crore on Wednesday, a fall of Rs 10,581 crore in two days. LIC has been keeping its stake in ITC in the 15-16 per cent range at least since 2017.