Question
Life Insurance Corporation of India (LIC) has ended up
with a_______ stake in Jio Financial Services (JFS) with the insurer’s stake in JFS valued at Rs 10,030 crore.Solution
Life Insurance Corporation of India (LIC) has ended up with a 6.66 per cent stake in Jio Financial Services (JFS). The insurer’s stake in JFS is valued at Rs 10,030 crore, while that in RIL stands at around Rs 1.1 trillion.
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