LIC IPO: Investors Gain, Policyholders Lose
LIC has tweaked its surplus-distribution norms to increase its valuation for its forthcoming IPO.
LIC has tweaked its surplus-distribution norms to increase its valuation for its forthcoming IPO. These norms mean that millions of policyholders, who earlier had the right to over 95% of the annual surplus, will lose out, and new investors, who buy shares in the IPO will gain.
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