LIC, SBI bail out Hindustan Copper sale
With a helping hand from state-owned financial institutions, the government raised some Rs. 800 crore on Friday by divesting a 5.58% stake in Hindustan Copper Ltd in an auction that drew muted response from private investors. Life Insurance Corporation of India (LIC), the country’s biggest insurer, State Bank of India (SBI), the No. 1 lender...
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