INSUBCONTINENT EXCLUSIVE:
Life Insurance Corporation's chairman M R Kumar has assured investors that company is well capitalisedNEW DELHI: State-run Life Insurance
Corporation Of India (LIC), which is planning the country's largest initial public offer (IPO) next month, is well capitalised, the
company's chairman M R Kumar said on Monday.Mr Kumar said LIC's potential investors should not worry about government control post the IPO
as decisions in the country's largest insurance company are taken by its board and not by the government, which will hold 95 per cent of
stake post the IPO.LIC is planning to sell a 5 per cent stake to raise about $8 billion next month, which could make it India's largest IPO
