Wednesday, 13 March 2013

LIC insurance behemoth bought 46%shares of RCF

LIC  insurance behemoth bought 46% shares of RCF : Life Insurance Corporation of India (LIC) once again played the role of a white knight to rescue the share auction of Rashtriya Chemicals and Fertilizers (RCF) by the government.The insurance behemoth bought 46%, or 31.63 million of the 69 million shares on offer of RCF during its offer for sale (OFS) last week.This is not the first time LIC has

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