THE national insurer, Life Insurance Corporation, Wednesday said it has received regulatory approval to continue to have higher promoter holding at 96.5% as against the mandated 75% for three more years, giving a big boost to the stock, which rallied 6.3% to close at ₹989.8.
In an exchange filing, the insurer said the revised timeline to achieve 10% public shareholding is on or before May 16, 2027. Which means the government has time to divest 6.5% more over the next three years to achieve the 10% minimum shareholding.
Diese Geschichte stammt aus der May 16, 2024-Ausgabe von The New Indian Express.
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