LIC IPO: GOI Permits 20% of FDI in LIC ahead of IPO [Read Policy]

The current Foreign Direct Investment (FDI) policy for Life Insurance Corporation of India (LIC) has been revised by the Indian government for encouraging more foreign investment. This has been done when Initial Public Offer for LIC is near.

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Under the automatic route method, the Indian government has set a limit of 20% Foreign Direct Investment in the LIC.

The existing FDI policy allows for a maximum of 74 percent foreign ownership in an Indian insurance business, but the LIC, which was formed under a special act of Parliament, was not included.

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Thus, special amendments have been included in this regard. This will encourage overseas investors to participate in the proposed IPO.

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Click on the below mentioned link to read the FDI Policy Document