LIC IPO only after govt disinvests 3 other PSUs: Report

The mega initial public offering (IPO) of LIC will be rolled out only after the government disinvests three other PSUs. Here is all you need to know.

The much-awaited initial public offering (IPO) of Life Insurance Corporation (LIC) will be rolled out only after the government completes the process of disinvesting at least three other public sector units. The National Fertilisers Ltd, Mishra Dhatu Nigam Ltd and Rashtriya Chemical and Fertilisers Ltd will be divested through an offer for sale (OFS) within the next quarter before the LIC IPO, reported The Economic Times after speaking with a senior finance ministry official.