LIC Unions To Protest Against Stake Sale
The Hindu Business Line|February 03, 2020
The insurer is profitable, has assets of ₹31-lakh crore; so, why hand over such wealth to corporates, ask employees
K Ram Kumar
LIC Unions To Protest Against Stake Sale

Union Finance Minister Nirmala Sitharaman’s announcement in the Budget that the Government will sell a part of its holding in the Life Insurance Corporation of India (LIC) via an Initial Public Offer (IPO) has not gone down well with the three major trade unions in the life insurance behemoth. They have decided to jointly embark on a series of agitations to protest against this decision.

Series of protests

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