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LIC employees' union up in arms against IPO plan

LIC employees' union up in arms against IPO plan

Tuesday, February 4, 2020, 4:38 PM

Employees' union of LIC has strongly opposed the government's plan to sell a part of its holding in the country's largest financial institution through a public issue. "The government proposes to sell a part of its holding in LIC through an initial public offer," Finance Minister Nirmala Sitharaman said on Saturday while presenting the Budget for 2020-21.
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