Besides amending the Life Insurance Corporation (LIC) Act, the government will need to infuse capital into the PSU giant ahead of its initial public offering (IPO). This is because the corporation’s paid-up capital is only Rs 100 crore, which is not enough for a public flotation.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2ShJaiC
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