LIC IPO: Cabinet allows up to 20% FDI under automatic route in LIC, says report
LIC IPO: The decision to allow 20 per cent FDI in LIC was taken by the Cabinet led by Prime Minister Narendra Modi
LIC IPO: The Union Cabinet on Saturday permitted up to 20 per cent foreign direct investment (FDI) under automatic route in Life Insurance Corporation of India (LIC), which is about to launch its much-awaited initial public offering in a few days, news agency PTI reported, citing sources. LIC has been permitted up to 20 per cent FDO in order to facilitate the disinvestment process, the news agency reported.
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