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Government considers allowing FDI in LIC - GKPro News Breaking

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Government considers allowing FDI in LIC

The government is considering allowing foreign direct investment (FDI) in Life Insurance Corporation (LIC), according to a person familiar with the matter, which could enable a single overseas investor to buy a large stake in the firm that’s headed for a mega-IPO. The Reserve Bank of India (RBI) defines FDI as purchase of a stake that’s 10% or larger by an individual or entity based abroad.

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Aug 25, 2021 - 03:17

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The government is considering allowing foreign direct investment (FDI) in Life Insurance Corporation (LIC), according to a person familiar with the matter, which could enable a single overseas investor to buy a large stake in the firm that’s headed for a mega-IPO. The Reserve Bank of India (RBI) defines FDI as purchase of a stake that’s 10% or larger by an individual or entity based abroad.