In IPO-Bound LIC, Cabinet Clears Up To 20% Foreign Investment: Sources | Read

PUBLISHED ON: February 26, 2022 | Duration: 2 min, 11 sec

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Paving the way for foreign funds to participate in the much awaited initial public offer (IPO) of Life Insurance Corporation of India (LIC), the union cabinet on Saturday okayed up to 20 per cent foreign direct investment (FDI) under automatic route in the state-owned insurer.

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