MoneyWorks4Me

LIC gets nod to invest in rights issue of its Nepal joint venture

05 Jul 2022 Evaluate

Life Insurance Corporation of India (LIC) has received approval to invest Rs 80.67 crore in the proposed rights issue of its joint venture LIC (Nepal). LIC owns 55 per cent stake in LIC (Nepal). The board of director in their meeting held on July 4, 2022 has approved the same.

Life Insurance Corporation of India, popularly known as LIC is Indian state-owned insurance group and investment company.

Peers