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LIC acquires 6.66% stake in Jio Financial Services

22 Aug 2023 Evaluate

Life Insurance Corporation of India (LIC) has acquired 6.66% shareholding in ‘Jio Financial Services’ through demerger action by ‘Reliance Industries’ as per the notice by company dated July 19, 2023.

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

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