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Govt unlikely to reduce its stake in LIC for at least 2 years after IPO
Updated : 4 years, 2 months ago IST
New Delhi [India], April 6 (ANI): The Government of India, which targets to raise around Rs 60,000 crore by diluting its 5 per cent stake in Life Insurance Corporation (LIC) of India through an IPO, is unlikely to further reduce its stake in the insurer for at least the next two years.
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