Budget 2021: Insurance stocks rally as govt increases FDI limit to 74%

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Budget 2021: Insurance stocks rally as govt increases FDI limit to 74%
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Synopsis

This move would potentially boost the government’s divestment programme, as the government is looking to launch IPOs of largest life insurer LIC and a PSU general insurer in FY22.

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This rise in the limit to 74 per cent for the insurance sector now equals the limit set for private banks.

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