Life Insurance Corporation of India will not sell its stake in the National Stock Exchange's IPO. LIC holds a significant 10.7% stake in NSE. The insurer believes NSE has long-term value creation potential. This decision aligns with LIC's strategy of building substantial stakes in major Indian companies. NSE's growth and market dominance support LIC's long-term investment view.
Life Insurance Corporation of India (LIC) will retain its significant 10.7% stake in the National Stock Exchange's (NSE) upcoming IPO, opting not to participate in the Offer For Sale. LIC's decision is driven by its belief in NSE's long-term value creation potential and aligns…
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