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LIC plans makeover of Investment Strategy
May 23, 2022
“LIC is looking at whether it can curtail its investments in Infrastructure related organizations including cement manufacturing, power generation companies, and discoms. A new board exists, and any changes to such technique would be dependent upon committee and board approval,” expressed one of the two individuals.
Messages shipped off LIC representative got no reaction.
According to the Insurance Regulatory Development Authority of India (Irdai) standards, life guarantors ought to have somewhere around half of their investible excess in government securities, no less than 15% in foundation-related resources and the leftover 35% in equity, non-convertible Debentures to be posted in Mutual. Money and certificates of the store, among other assets.
LIC is likewise intending to lessen its stake in its subsidiary, for example, LIC Housing Finance Ltd, LIC Mutual Fund Asset Management Company Ltd and IDBI Bank, individuals said.
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