Government may pare LIC stake by year-end to boost public float
Mumbai|New Delhi: The Centre is considering sale of stake worth $1-1.5 billion (₹8,800-13,200 crore) in Life Insurance Corp (LIC) of India by year-end, with roadshows likely in the next few weeks, said people aware of the matter. The exercise is part of the government’s effort to increase the public float to 10% as mandated by…