NSE IPO: Maintaining a significant stake in the exchange works in LIC's favour, granting it the power to hold a director's seat on the company's board
Life Insurance Corporation of India (LIC) holds a significant 10% stake in the National Stock Exchange (NSE), a position mandated by a 70-year-old law. This substantial investment is advantageous for LIC as it grants the insurer the power to secure a director's seat on NSE's…
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