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PIL filed against government, LIC for holding stake in ITC

PIL filed against government, LIC for holding stake in ITC

Friday, April 14, 2017, 9:35 AM

Tata managing trustee R.Venkataramanan, a project manager at Tata Trusts have filed a public interest litigation in the Bombay high court against the government and state-run insurers, including LIC, for holding shares in cigarette maker ITC Ltd. The government of India, through five state-run insurance companies and Specified Undertaking of Unit Trust of India, owns a 32% stake in ITC.
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