Companies that have a market capitalisation of more than Rs 1 lakh crore at the time of listing can now sell just five per cent of their shares, with the latest amendment in rules, a move that will be beneficial for the government during the LIC initial public offer.source https://economictimes.indiatimes.com/industry/banking/finance/insure/lic-to-have-chief-executive-officer-managing-director-government-does-away-with-chairman-post/articleshow/84234846.cms
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