FE Editorial : Insuring disinvestment

Nov 24 2012, 03:25 IST
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SummaryWith a big chunk of the Hindustan Copper Limited issue—estimated at around 30-40%—having been picked up by Life Insurance Corporation, the disinvestment has once again been rescued by the PSU insurance major.

decade, the NSE’s PSU index has tripled while the overall Nifty grew 7 times. That is, LIC’s policy-holders are paying a price for the support LIC is giving in insuring the disinvestment process.

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