LIC IPO: Centre could launch initial public offer in the January-March quarter
Zee News
The IPO of LIC is expected in the January-March quarter of the ongoing financial year 2021-22, according to DIPAM Secretary Tuhin Kanta Pandey.
New Delhi: Tuhin Kanta Pandey, Secretary in the Department of Investment and Public Asset Management (DIPAM), on Wednesday, said that the initial public offering of Life Insurance Corporation (LIC) is expected in the January-March quarter of the ongoing financial year 2021-22.
“On LIC IPO, we are working very hard. For the capital market, it will be a very big event in the first quarter of 2022,” Pandey said. The public listing of the state-owned insurer is seen as a crucial step for the government in meeting its disinvestment target of Rs 1.75 lakh crore for 2021-22 (April-March).
Meanwhile, he also pointed out that the government will invite financial bids for privatising as many as six CPSEs. These firms include BPCL, BEML and Shipping Corp.
