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LIC gets nod to infuse Rs 25 crore in LIC Mutual Fund Asset Management

11 Dec 2023 Evaluate

Life Insurance Corporation of India (LIC) has received approval from board of directors to infuse Rs 25 crore in LIC Mutual Fund Asset Management on a preferential basis. The Board of Life Insurance Corporation of India, at their meeting held on December 11, 2023, has approved the same. 

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

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