CCEA clears LIC disinvestment; FM-led panel to decide quantum of stake sale1 min read . Updated: 13 Jul 2021, 05:37 AM IST
- Up to 10 per cent of the LIC IPO issue size would be reserved for policyholders
- The government has already brought in required legislative amendments in the LIC Act for the proposed IPO
The Union Cabinet has cleared disinvestment of the country's largest insurer LIC and a panel headed by the finance minister will now decide on the quantum of stake dilution, a senior official said on Monday.
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