LIC Bought 1,61,56,976 Shares, Increases Stake in This PSU Railway Monopoly Company! LIC Bought 1,61,56,976 Shares, Increases Stake in This PSU Railway Monopoly Company! The company’s shares have delivered an impressive multibagger return of over 50 per cent in the past year. Rakesh Deshmukh / Monday, September 16, 2024 / Article rating: 4.0 The President of India holds around 62.40 per cent stake in the company as per Q1 FY25.