Vijay Kedia picks up stake despite LIC booking profit in Anil Ambani-led Reliance Infra during Q4FY24

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Vijay Kedia portfolio: Ace investor of the Indian stock market Vijay Kedia's company kedia Securities name has appeared in the shareholding pattern of Reliance Infrastructure Ltd. kedia Securities' name has appeared in the shareholding pattern of Anil Ambani-led company's shareholding pattern for the January to March 2024 quarter. The market magnate owns a 1.01 percent stake in this Reliance ADAG company.

However, the insurance behemoth Life Insurance Corporation (LIC) of India has booked profit in Reliance Infra shares. LIC's name has disappeared from the shareholding pattern of Reliance Infra in the details shared by the Reliance ADAG company for the recently ended March 2024 quarter. As mentioned above, Vijay Kedia has invested in Anil Ambani-led Reliance Infrastructure Ltd through his company Kedia Securities.

As per the shareholding pattern of Reliance Infra for Q4FY24, Kedia Securities owns 40 lakh Reliance Infra shares, which is 1.01 percent of the total paid-up capital of the company. However, in the shareholding pattern of Reliance Infra for the October to December 2024 quarter, Kedia Securities' name was not mentioned. This means Kedia Securities picked up a stake in Anil Ambani-led company during the Q4FY24.

However, LIC has offloaded its stake in Reliance Infra. While LIC owned 41,40,529 Reliance Infra shares in the shareholding pattern of ADAG company in Q3FY24, the insurer's name doesn't figure in the list of public shareholders. This means LIC has booked profit by either selling the entire shares or some of its shares pulling down its stake in the company below one percent.