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straitstimes - 2 month ago

India s govt hopes to raise $17.5b in LIC divestment

February 22, 2020 5:00 AM

The Indian government hopes to raise 900 billion rupees (S$17.5 billion) from a stake sale in the country s biggest financial institution. But many analysts say that divesting in the Life Insurance Corporation (LIC), a household name for insurance, will neither be easy nor sufficient to meet India s financial needs.

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