DPIIT notifies 20 pc FDI in LIC under automatic route

DPIIT notifies 20 pc FDI in LIC under automatic route
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Synopsis

​​The Union Cabinet had last month approved the decision to facilitate disinvestment of the country's largest insurer.

Agencies
The Union Cabinet had last month approved the decision to facilitate disinvestment of the country's largest insurer.
The Department for Promotion of Industry and Internal Trade (DPIIT) on Monday notified a government decision to allow 20 per cent foreign direct investment (FDI) in IPO-bound LIC.

The Union Cabinet had last month approved the decision to facilitate disinvestment of the country's largest insurer.

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