The changes were made by the Department of Financial Services by amending Life Insurance Corporation of India (Employees) Pension (Amendment) rules
Up to 10 per cent of the LIC IPO issue size would be reserved for policyholders
The changes made in the rules will be called the Life Insurance Corporation of India (Staff) Amendment Rules
The Centre has approved the proposal of the Department of Financial Services for extending the term of Kumar from June 30, 2021 till March 13, 2022
The growth in investors base on BSE seen over the Covid year so far has not been witnessed in the last 25 years
LIC's stakes in 296 companies where it holds over 1% stake slipped to an all-time low of 3.66% at the end of March as against 3.70% in December, the
The authorised share capital of LIC shall be Rs 25,000 crore divided into 2,500 crore shares of Rs 10 each
Government will retain majority holding in the life insurer
"Probably in the third or fourth quarter of next financial year, depending on how soon the valuation comes," he said.