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The Life Insurance Corporation of India on Tuesday said it has no plans of exiting LIC Nomura Mutual Fund Asset Management Company or reducing its holding in LIC Housing Finance.
“We are neither contemplating nor do we intend to review our present position in relation to LIC Nomura MF AMC or LIC Housing Finance,” LIC said in a release.
The company referred to media reports that said LIC of India is likely to exit LIC Nomura and also reduce its holding in LIC HF.
The insurance company is a sponsor of LIC Nomura MF AMC since 1989 when it was known as LIC Mutual Fund.
LIC reiterates its commitment to LIC Nomura and LIC Housing Finance, the statement said.
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