India to raise up to $3.3 billion by selling stake in country’s largest life insurer at 10% discount
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Source: CNBC
Published: 2026-08-04 12:15 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, India, Asia Pacific
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Snippet:
The Indian government will sell up to a 6.5% stake in state-owned Life Insurance Corporation of India at a 10% discount to its Monday closing price, as it moves to comply with regulatory requirements.
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