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Corporate News
21-Dec-23
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LIC gets exemption to achieve minimum public shareholding
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The Department of Economic Affairs, Ministry of Finance vide Office Memorandum dated 20 December 2023 has decided in the public interest, to grant one-time exemption to Life Insurance Corporation
of India to achieve 25% Minimum Public Shareholding (MPS) within 10 years from the date of listing i.e., till May 2032 under Rule 19A (6) of the Securities Contract (Regulations) Rules (SCRR) 1957.
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