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LIC has faced objections to tobacco investments

LIC has faced objections to tobacco investments

Saturday, April 15, 2017, 12:19 PM

A recent petition filed by trustees of the Tata Trust is not the first instance of Life Insurance Corporation of India's (LIC's) investments in tobacco companies being challenged. The corporation has faced a similar challenge from its board members in the 1990s from independent members who had questioned a life insurance company investing in tobacco.
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