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2 years ago

LIC IPO opens the way for privatisation of LIC. the shares held by corporates, can give them powers to change the policies of LIC to favour the corporates. even with small percentage of shares they can become board members and intervene to favour themselves. the policy holders or small share holders will have no membership in the board and their interests will be hurt. it is only the unions who can come to know what is happening and prevent the deterioration of LIC.