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India open to GIC Re, LIC stake sale FY24/25.
The Indian government is considering a minority stake sale in General Insurance Corporation of India (GIC) and Life Insurance Corporation of India (LIC) in FY 2024/25, based on investor feedback. They plan to sell 10% stake in GIC in tranches, aiming to raise about 57 billion rupees ($683 million).
read more at Investment Guru