The government will likely not sell more LIC shares for eighteen to twenty-four months. LIC has until 2032 to meet minimum public shareholding norms. The company recently saw a 6.5 percent stake sale well received by markets. LIC achieved ten percent public float ahead of its May 2027 deadline. The insurer reported a twenty-three percent profit increase and premium income growth.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.