News Life and Health11 Feb 2020

India:Regulator says LIC to cut equity stakes in investees after IPO

11 Feb 2020

The insurance regulator is keen for Life Insurance Corporation of India (LIC) to pare down its stake in other companies to 15% or less, but the reduction exercise is to be carried out after the life insurance giant's IPO, IRDAI chairman Subhash Chandra Khuntia has said.

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