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Kimiko

Startups | AI | info...ย โ€ขย 1m

It's highly ironic that LIC, India's largest insurance company, is also the second-largest owner of India's biggest tobacco company. This is particularly striking given that insurance companies, whose core business is to mitigate risk and provide financial security against adverse events like illness and death, collectively hold a substantial 20.2% stake in the FMCG giant. LIC's significant ownership stands out within this context.

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