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The embedded value of Life Insurance Corporation (LIC) could be more than ₹5 trillion, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey told Reuters. "I would say...the enterprise value will be multiples of [the embedded value]," Pandey said. He added that the government plans to issue a draft red herring prospectus to investors early next week.
short by Ashley Paul / 08:45 pm on 03 Feb
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