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LIC cuts equity investment target to ₹30,000 cr for FY21

Jun 04, 2020 13:09 IST

The country's largest stocks buyer, LIC may cut its equity investment target to about ₹30,000 crore for the current year, Hindustan Times reported. The investment would be the lowest in a decade as new premium growth declined amid coronavirus-related disruptions. LIC invested around ₹47,000 crore in stocks in the financial year 2020, which was 21% less than the previous fiscal year.

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