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Finance Minister Nirmala Sitharaman admits lack of internal professionalism in public sector undertakings in the 90s, speaks on efforts to fill gaps in LIC's internal systems before its IPO launch.
Life Insurance Corp of India Ltd. has reclaimed its position as the most valued listed public sector undertaking, surpassing the market capitalization of State Bank of India.
The Life Insurance Corporation of India has touched 5.71 trillion market capitalisation.
In terms of market capitalization, LIC topped Rs 5.8 lakh crore mark on Wednesday at the price of Rs 919.45, race-pasting State Bank of India's total valuation of Rs 5.67 lakh crore for the day.
Shares of Life Insurance Corporation (LIC), India's largest life insurer, soared 5.30% in today's intraday to touch ₹900 apiece, a level not seen since its listing in May 2022.