LIC hopes to book $4.9b profit from selling shares in 2022-23

LIC hopes to book $4.9b profit from selling shares in 2022-23

FILE PHOTO: A bird flies past the logo of Life Insurance Corporation of India (LIC) at one of its offices in New Delhi, India September 14, 2021. REUTERS/Anushree Fadnavis

Life Insurance Corp. of India (LIC) hopes to book profit of around 400 billion rupees ($4.90 billion) from selling stocks it holds in 2022-23, the state-run firm’s chairman told Reuters, mirroring the profit made last year as market conditions remain volatile.

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