Budget 2021: Centre likely to announce sale of IDBI Bank, stake in LIC, say sources

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The Centre is likely to announce the sale of a 10% to 15% stake in state-run Life Insurance Corp, the country's biggest insurer, in the upcoming federal budget, as part of a privatisation push to improve public finances, two government sources told Reuters.

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The Centre is likely to announce the sale of a 10% to 15% stake in state-run Life Insurance Corp, the country's biggest insurer, in the upcoming federal budget, as part of a privatisation push to improve public finances, two government sources told Reuters.

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