LIC IPO News: Cabinet approves up to 20% FDI in IPO bound LIC - 0 views
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profitsheets on 28 Feb 22LIC IPO News: The Union Cabinet, chaired by Prime Minister Narendra Modi, on Saturday approved a proposal to allow foreign direct investment (FDI) up to 20 per cent in Life Insurance Corporation through the automatic route. The decision is expected to open doors for foreign investors who are keen to participate in the upcoming LIC IPO (initial public offering) scheduled for next month, considered to be India's largest public offering.