Life Insurance Corporation of India (LIC) receives a three-year extension from Sebi to reach 10% minimum public shareholding, now until May 16, 2027.
Life Insurance Corporation of India (LIC) has received an additional three years from the Securities and Exchange Board of India (Sebi) to achieve a 10% minimum public shareholding. This means LIC now has until May 16, 2027, to meet the requirement, up from the previous deadline of May 20, 2024. The extension provides more time for the company to attract investors and increase public participation in LIC.
May 15, 2024
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