LIC to meet finance ministry on Infosys crisis

The insurer may seek ministry guidance on whether it should tender its shares in the ongoing buyback

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The state-owned life insurance company benefited from the 17% Sensex rally during the year. Its profits from equities increased 72%

BS Reporter Mumbai

Last Updated : Aug 23 2017 | 8:21 PM IST

Life Insurance Corporation of India (LIC) will soon consult Ministry of Finance on the Infosys crisis. According to the sources, the insurer may seek ministry guidance on whether it should tender its shares in the ongoing buyback.

The state-run insurance company, which owns 7.03 per cent stake in the IT major, is currently mulling on the amount of shares it would tender in the repurchase scheme. A final call on the issue could be taken by LIC after its consultation wit the finance ministry and Infosys management.

"We are yet to take a call the Infosys' buyback offer. Even we

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