Life Insurance Corporation of India announced that Securities and Exchange Board of India (SEBI) vide its letter dated 14 May 2024 has conveyed its decision, to grant additional time of 3 years to Life Insurance Corporation of India to achieve 10% public shareholding under Rule 19(2)(b)(iv) of the Securities Contracts (Regulation) Rules, 1957, i.e., within a period of 5 years from the date of listing.
Accordingly, the revised timeline for the Corporation to achieve 10% public shareholding is on or before 16 May 2027.
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