News From Press LIC gets one-time exemption from 25% minimum public shareholding rule

LIC gets one-time exemption from 25% minimum public shareholding rule

Source: BS Dec 22, 2023

State-owned Life Insurance Corporation of India (LIC) said on Thursday the Finance Ministry has given it a one-time exemption from the 25 per cent public shareholding rule.

The rule says a listed entity with a market cap of more than Rs 1 trillion needs to reach the 25 per cent minimum public shareholding threshold within five years of listing.

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