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LIC chairman gets extension

MR Kumar, LIC chairman.

New Delhi, June 9

The government has given a nine-month extension to LIC chairman MR Kumar till March next year in view of the insurer’s proposed IPO towards the end of the current fiscal.

In her Budget Speech 2021, Finance Minister Nirmala Sitharaman said the LIC IPO would be floated in 2021-22 as part of the ambitious Rs 1.75 lakh crore disinvestment target. — PTI

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