News Regulations08 Mar 2021

India:Govt plans to increase authorised capital of LIC by 2.5x to prepare for IPO

| 08 Mar 2021

The government has proposed to increase significantly the authorised capital of the country's biggest life insurer, Life Insurance Corporation of India (LIC), to INR250bn ($3.4bn) to facilitate its public listing scheduled for the next fiscal year beginning 1 April.

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