LIC gets 3 more years to pare govt stake to 90%
The Morning Standard|May 16, 2024
Sebi allows govt higher shareholding; listed companies need to have 25% public float
LIC gets 3 more years to pare govt stake to 90%

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.

هذه القصة مأخوذة من طبعة May 16, 2024 من The Morning Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة May 16, 2024 من The Morning Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من THE MORNING STANDARD مشاهدة الكل
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