LIC IPO news: Cabinet allows up to 20% FDI in LIC, sources say

The Indian union cabinet has approved a policy amendment allowing foreign direct investment of up to 20% in Life Insurance Corp of India (LIC), a government source said. This move is aimed at easing the much anticipated listing of the state-run insurer.

from Banking/Finance-Industry-Economic Times https://ift.tt/Rdgw16I