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LIC chairman gets extension

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New Delhi, June 9

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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.

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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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