LIC withdraws SEBI Complaint against Leela Venture-Brookfield Deal
  • WebDesk BTVI
  • Apr 29 2019

Life Insurance Corporation (LIC) will not push SEBI to probe in the Hotel Leela Venture and Brookfield Hotel Deal, they told SEBI that they will adopt a wait-and-watch policy to see how the deal unfolds. Sources say that LIC is working on State Bank of India's (SBI) request as more than Rs 900 Cr of the bank is stuck with Hotel Leela Ventures which the bank wants to quickly recover.