LIFE INSURANCE CORPORATION OF INDIA : LIC INVESTS RS 5000 CRORES IN BAJAJ FINANCE NCDS

• LIC subscribed to 500,000 Non-convertible Debentures (NCDs) of Face Value of Rs. 100,000/- each from Bajaj Finance Limited. • Total amount subscribed is Rs. 5,000 crores. • Impact: Positive (Investment by LIC in Bajaj Finance NCDs signals confidence and provides a new source of funding for Bajaj Finance)

Life Insurance Corporation Of India

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