Question
Life Insurance Corporation of India (LIC),which holds a
49 per cent stake in the asset manager, has infused how much share capital into its subsidiary, LIC Mutual Fund Asset Management?Solution
Life Insurance Corporation of India (LIC) has infused a share capital of Rs 25 crore into its subsidiary, LIC Mutual Fund Asset Management. At present, LIC holds a 49 per cent stake in the asset manager. LIC Housing Finance and GIC Housing Finance are the other stakeholders with 35.3 per cent and 15.7 per cent stakes in the company, respectively.
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