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LIC would be most valuable company in India, if listed: FM

LIC handed over a dividend of Rs 2,501.76 crore to the government for 2015-16

M Saraswathy  |  Mumbai 

Union Finance Minister Arun Jaitley said on Thursday the Life Insurance Corporation of India (LIC) would have been the most-valued company in the country if it was listed. “If you were a company listed on the stock exchanges, you would perhaps be the most-valuable company in the markets of the country and one of the most formidable ones in the world,” he said during LIC’s Diamond Jubilee celebrations.

He added LIC, with its huge network, had the ability to reach out to the masses and there was hardly anyone who was untouched by it. The Union finance ...

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First Published: Fri, September 02 2016. 00:24 IST
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