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'LIC is well capitalised,' says chairman M R Kumar ahead of mega IPO
State-run Life Insurance Corporation Of India (LIC), which is planning the country's largest IPO next month, is well capitalised, the company's chairman M.R Kumar said on Monday.
Kumar said LIC's potential investors should not worry about government control post the IPO as decisions in the country's largest insurance company are taken by its board and not by the government, which will hold 95% of stake post the IPO. Read more
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