LIC is considered a strategic asset, commanding more than 60% of India's life insurance market with assets of more than $500 billion. While the government is planning to allow foreign investors to participate in what is likely to be the country's biggest-ever IPO worth a potential $12.2 billion, it is leery of Chinese ownership, the sources said.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3zFftuo
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