Govt grants one-time exemption to LIC to achieve 25% Minimum Public Shareholding in 10 years
In a stock exchange filing, LIC said the Department of Economic Affairs has decided to grant a "one-time exemption to LIC to achieve 25 per cent MPS within 10 years from the date of listing i.E., till May 2032".
The government currently holds 96.5 per cent stake in the company. (ANI image/File)