DPIIT notifies 20 pc FDI in LIC under automatic route

The Department for Promotion of Industry and Internal Trade (DPIIT) on Monday notified a government decision to allow 20 per cent foreign direct investment (FDI) in IPO-bound LIC.

New Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) on Monday notified a government decision to allow 20 per cent foreign direct investment (FDI) in IPO-bound LIC. The Union Cabinet had last month approved the decision to facilitate disinvestment of the country's largest insurer.

PTI