EXCLUSIVE-India likely to block Chinese investment in insurance giant LIC's IPO -sources - NewsBreak
By Frank in Business
Updated 3 years ago
NEW DELHI, Sept 22 (Reuters) - New Delhi wants to block Chinese investors from buying shares in Indian insurance giant Life Insurance Corp (LIC) which is due to go public, four senior government officials and a banker told Reuters, underscoring tensions between the two nations. State-owned LIC is considered a...