Government nominee Pankaj Jain ceases to be director on LIC board

Life Insurance Corporation (LIC) on Wednesday said government nominee Pankaj Jain has ceased to be the director of the company with effect from July 4. "....the date of cessation of directorship of Pankaj Jain, government director of the Corporation is July 4, 2022," LIC said in a regulatory filing.

The new director nominated by the government is Suchindra Mishra, it said.

On Wednesday, the scrip of LIC closed nearly flat at Rs 703.05 apiece on BSE.