Budget 2021: Govt To Amend LIC Act, Paves Way For India’s Largest IPO

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Budget 2021: Govt To Amend LIC Act, Paves Way For India’s Largest IPO

A woman passes by a board of Life Insurance Corporation of India's (LIC) and Central Bank of India (CBI), at Patel Chowk in New Delhi, India on February 4, 2021. FM Nirmala Sitharaman said the Union government will hold at least 75% in LIC for the first five years post the IPO, and subsequently, at least 51% in the insurer at all times. (Photo by Mayank Makhija/NurPhoto)


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