In fact, the Mumbai-based company was given a year-long exemption; however, it has to comply with the norms before the expiry of the exemption. LIC Shares Zoom Coming to the government's ...

or a 3.5 per cent stake in LIC, through an Initial Public Offering (IPO). The government currently holds 96.5 per cent stake in the company. In a stock exchange filing, the state-owned insurer ...