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According to recent reports, the Life Insurance Corporation of India (LIC) is planning to raise $6-7 billion by selling some of its premium commercial buildings and land across the country. LIC, which is India’s third-largest landlord, has formed an internal team to work out a sale plan for its real estate assets, with the process potentially starting in Mumbai.
The sale of LIC’s real estate assets is seen as a way for the company to raise significant funds. The proceeds from the sale could help LIC in various ways, such as strengthening its financial position or supporting its business operations.
