20% FDI has been allowed.
Life Insurance Corporation IPO (LIC IPOBig news is coming out about this. The Union Cabinet has approved foreign investors (Foreign InvestorsThe FDI policy has been changed to include Under this change, foreign direct investment has been approved in the IPO of LIC up to 20 percent through the automatic route. It is believed that its IPO will be launched in the next few days. An important meeting was held on this issue today under the chairmanship of Prime Minister Modi. This decision has been taken in this meeting. DPIIT has approved changes in the rules of FDI. For this approval was obtained from the Ministry of Finance.