Govt kickstarts LIC divestment, invites bids for transaction advisors for IPO3 min read 19 Jun 2020, 02:58 PM IST
Advisors will also be required to suggest necessary changes to LIC Act to take it public
There are 24 life insurers in India, with state-run LIC being the largest, commanding a 69% market share as of fiscal 2020
MUMBAI: The Centre on Friday set the ball rolling for partial divestment of its stake in India’s largest insurer and institutional investor - Life Insurance Corporation of India (LIC).
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