LIC Ascends to the Top as Most Valued PSU

Life Insurance Corporation of India (LIC) has achieved a notable milestone by surpassing State Bank of India (SBI) to become the most valuable public sector undertaking (PSU)

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LIC Ascends to the Top as Most Valued PSU

Life Insurance Corporation of India (LIC) has achieved a notable milestone by surpassing State Bank of India (SBI) to become the most valuable public sector undertaking (PSU)

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LIC’s upward trajectory has gained momentum recently on the back of an impressive stock rally.

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The insurance behemoth’s shares witnessed gains of over 9% in the past week alone, breaching the Rs. 900 mark for the first time ever.

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This surge has been powered by a string of positive developments for the 61-year old state-owned firm entering the public markets.

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A key trigger was the exemption provided by the government last month from mandatory minimum public shareholding norms until 2032.

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This relaxation reduces pressure on LIC to dilute significant stake through stock offerings in the immediate future.

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