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OFS in LIC: Merchant bankers appointed

August 02, 2025

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Financial Express Lucknow

THE DEPARTMENT OF investment and public asset management (DIPAM) has appointed merchant bankers and legal advisers for minority stake sales by the government in state-run Life Insurance Corporation (LIC) and other financial institutions, DIPAM secretary Arunish Chawla said on Friday.

The merchant bankers and legal advisers have been appointed for three years to undertake minority stakes sales at opportune times in LIC, public sect

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