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LIC Hits New High as Finance Ministry Grants MPS Exemption | Stock Market News
Updated: December 22, 2023 02:33 PM IST
Life Insurance Corporation of India (LIC) stock reaches a new 52-week high after the government grants a one-time exemption to achieve the 25% minimum public shareholding (MPS) requirement within 10 years. This exemption bolsters investor confidence, driving the stock price up over 5%. Learn more about this development and its potential impact on LIC's trajectory.
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