LIC owns 10% of Rajesh Exports, shares fall 1% at closing bell amid Sebi allegations

Key points

• The ongoing regulatory action against Rajesh Exports has brought fresh attention to the company's shareholder base, particularly the presence of large institutional investors.
• Shareholding data for the March 2026 quarter shows that Life Insurance Corporation of India (LIC), the country's largest insurer and institutional investor, holds a 10.80% stake in Rajesh Exports.
• The holding has remained unchanged since at least September 2023, with no reported buying or selling during this period.
• The development comes after the Securities and Exchange Board of India (Sebi) issued an interim e parte order against Rajesh Exports Ltd and its Chairman and Managing Director, Rajesh Mehta.
• SEBI RAISES CONCERNS OVER REPORTED REVENUES In its interim order, Sebi cited prima facie findings of financial misrepresentation, fund-routing irregularities and non-cooperation during an ongoing investigation.