LIC sees no further govt stake sale for 18-24 mths
Synopsis 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
Synopsis 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.
The BriefWire