LIC-backed stock to open 5-star hotel in Ayodhya; aims to record PBT of Rs 250 crore in FY24! LIC-backed stock to open 5-star hotel in Ayodhya; aims to record PBT of Rs 250 crore in FY24! Of particular interest, the esteemed Life Insurance Corporation of India (LIC) holds a notable 2.17 per cent stake in the company, equivalent to 38,439,912 shares. Karan Dsij / Sunday, February 11, 2024 / Article rating: 3.8 Establishment of a prestigious 5-star hotel in Ayodhya, strategically located within 1-KM radius from the revered Shree Ram Mandir. This ambitious venture entails an investment of up to Rs 100 crore in Jeewani Hospitality Private Limited