Why is LIC being sold?
I have heard that the government is selling a huge LIC stake. Is this true If this happens, will LIC become a private company.
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I have heard that the government is selling a huge LIC stake. Is this true If this happens, will LIC become a private company.
sameer mohammad
If you are thinking that the government is going to sell LIC then you are wrong. The government is selling only 10% stake. The government will keep 90% of its liability. So there is nothing to fear. This will not affect your LIC policy. Do you know what is the government’s stake in SBI Bank? You will be surprised to know that the government’s shareholding in SBI bank is only 61.23%. But still we trust SBI Bank. So this is a good opportunity to invest in LIC. LIC is launching IPO soon. Through which you too can invest in the IPO of LIC and get good returns.
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LIC is already a semi-govt. company but there is no news that LIC is being sold.