LIC holds 10% stake in Rajesh Exports accused of ₹15 lakh crore scam

Life Insurance Corporation of India (LIC) held a 10.8% stake in Rajesh Exports as of March 2026, according to shareholder data. Meanwhile, foreign portfolio investors owned 14.2% of the company. Shares of Rajesh Exports, known as the world's largest gold processor, dipped 5% on Friday after SEBI accused it of inflating revenues by ₹15.15 lakh crore.