 "LIC")
Life Insurance Corporation of India (LIC) will soon consult the finance ministry on the Infosys crisis.
According to sources, the insurer may seek the ministry’s guidance on opting to take the buyback route opened by Infosys. The state-run insurance company, which owns 7.03 per cent stake in the information technology (IT) major, is mulling over the amount of shares it would tender in the repurchase scheme.
A final call could be taken by LIC after consultation with the ministry and Infosys management. “We are yet to take a call on the Infosys’ buyback offer. Even if we participate
According to sources, the insurer may seek the ministry’s guidance on opting to take the buyback route opened by Infosys. The state-run insurance company, which owns 7.03 per cent stake in the information technology (IT) major, is mulling over the amount of shares it would tender in the repurchase scheme.
A final call could be taken by LIC after consultation with the ministry and Infosys management. “We are yet to take a call on the Infosys’ buyback offer. Even if we participate
