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Adani-Holcim deal: LIC may exit Ambuja Cements, ACC via open offer

Insurer owns shares aggregating Rs 7,000 crore

Topics
Life Insurance Corporation | Ambuja Cements | ACC Cement

Dev Chatterjee  |  Mumbai 

LIC, Life Insurance Corporation
LIC has made a sizeable gain in Ambuja and ACC shares in the past.

(LIC) of India, which owns and ACC shares worth Rs 7,000 crore, may tender its shares in the open offers to be launched by the Adani family, which acquired for $10.5 billion (Rs 81,400 crore approximately) on Sunday.

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First Published: Wed, May 18 2022. 06:10 IST
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