Question
USA-based Liberty Mutual Insurance Company increased its
stake in Liberty General Insurance (LGI) to what percentage?Solution
USA based Liberty Mutual Insurance Company increased its stake in Liberty General Insurance to 74% from 55.40%. LGI is a joint venture between Liberty Mutual Group and Enam Securities, which holds remaining 26% shares. The expansion follows GoI’s approval of 100% FDI in the insurance industry.
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Consider the following about Renewable Energy Installations in 2021?
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