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(06 Jul 2024, 10:49)

Life Insurance Corporation of India invest Rs 14 cr in Sri Lankan subsidiary

Life Insurance Corporation of India has infused an additional capital to the tune of LKR 500 million (approximately Rs 14 crore) in its subsidiary, Life Insurance Corporation (Lanka). After allotment of shares, the shareholding of the Corporation will be increased from 90.91% (before allotment) to 93.75% (post allotment) in the said Company.
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