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Life Insurance Corp. of India ( (IN:LICI) ) has provided an announcement.
Life Insurance Corporation of India has received a demand order for Goods & Service Tax, interest, and penalty from the Haryana State authorities, amounting to significant figures for the fiscal years 2018-19 to 2022-23. Despite the substantial amounts involved, LIC has stated that the financial impact of this demand will not materially affect its financials, operations, or other activities, indicating a stable position in handling such regulatory challenges.
More about Life Insurance Corp. of India
Life Insurance Corporation of India (LIC) operates in the insurance industry, providing life insurance products and services. It is a prominent player in the Indian market, focusing on offering a range of insurance solutions to cater to diverse customer needs.
Average Trading Volume: 73,112
Technical Sentiment Signal: Sell
Current Market Cap: 5500.2B INR
See more insights into LICI stock on TipRanks’ Stock Analysis page.