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      Question

      Consider the following statements with respect to the

      one time exemption given to the Life Insurance Corporation- I.Life Insurance Corporation of India (LIC) has been given a one-time exemption from the 25 per cent public shareholding rule by the Ministry of Finance. II.A listed entity with a market cap of more than Rs 1 trillion needs to reach this 25 percent public shareholding. III.Moreover, the 25 per cent minimum public shareholding threshold should be attained  within three years of listing. Which of the following is/are TRUE ?
      A Only I Correct Answer Incorrect Answer
      B Only I & II Correct Answer Incorrect Answer
      C Only III Correct Answer Incorrect Answer
      D Only II & III Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Life Insurance Corporation of India (LIC) has been given a one-time exemption from the 25 per cent public shareholding rule by the Ministry of Finance.The rule says a listed entity with a market cap of more than Rs 1 trillion needs to reach the 25 per cent minimum public shareholding threshold within five years of listing.

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