The value of the equity holdings of Life Insurance Corporation (LIC) has risen to record levels. At the end of the September quarter, the insurance giant’s share of companies in the universe of the top 200 was $ 77 billion. Since then, the market has risen another 12 percent. Assuming …
Read More »Government Considers Selling 25% Stake in LIC to Cover Growing Budget Gap: Report
India plans to seek cabinet approval to sell a 25% stake in the country’s largest life insurer, people with knowledge of the matter said, as Prime Minister Narendra Modi seeks resources to fill a growing budget gap. The government plans to amend the law of parliament establishing the Life Insurance …
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