Millennium Post

Ministry to notify LIC’s hiked 30% investment cap

Mumbai: The government will soon notify the increased equity exposure limit for LIC to 30 per cent following green signal from the sectoral regulator Irda, a top Finance Ministry official has said.
'The issue (of increasing equity investment cap for LIC from 10 per cent in a listed company to 30 per cent) has been taken up with the regulator and it will get notified soon. It was addressed to Irda at the last broad meeting,' Financial Services secretary Rajiv Takru told reporters over the weekend, after the board meeting of the
insurance giant. pti
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