India is considering allowing foreign direct investment in Life Insurance Corporation, according to a person familiar with the matter, which could enable a single overseas investor to buy a large stake in the firm that’s headed for a mega-IPO.
Any strategic investment would be subject to a cap, though it’s unclear at what level that would be set, the person said, asking not to be identified as the deliberations are private. Participants at a meeting earlier this month noted a 20% FDI limit on state-run banks, the person said.
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August 24, 2021 at 03:34PM
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India Considers Allowing Foreign Direct Investment in Life Insurance Corp - Bloomberg
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