The initial public offering of LIC may hit the market in the fourth quarter of next financial year, and the government has introduced amendments to the Life Insurance Corporation Act 1956 to facilitate this, Economic Affairs Secretary Tarun Bajaj said on Wednesday. As many as 27 amendments have been pushed through the Finance Bill 2021 tabled by Finance Minister Nirmala Sitharaman on Monday along with the Union Budget 2021-22. Probably in the third or fourth quarter of next financial year, depending on how soon the valuation comes, he told PTI in an interview. On Monday, the finance minister announced that the initial public offer (IPO) of Life Insurance Corporation (LIC) will take place in the next financial year.
LIC IPO may hit market in Q4 of next fiscal: DEA Secretary Tarun Bajaj
As many as 27 amendments have been pushed through the Finance Bill 2021 tabled by Finance Minister Nirmala Sitharaman on Monday along with the Union Budget 2021-22 PTI February 03, 2021 / 08:59 PM IST
The initial public offering of LIC may hit the market in the fourth quarter of next financial year, and the government has introduced amendments to the Life Insurance Corporation Act 1956 to facilitate this, Economic Affairs Secretary Tarun Bajaj said on Wednesday.
As many as 27 amendments have been pushed through the Finance Bill 2021 tabled by Finance Minister Nirmala Sitharaman on Monday along with the Union Budget 2021-22
LIC IPO May Hit Market in Fourth Quarter of Next Fiscal: DEA Secretary Tarun Bajaj
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The initial public offering of LIC may hit the market in the fourth quarter of next financial year, and the government has introduced amendments to the Life Insurance Corporation Act 1956 to facilitate this, Economic Affairs Secretary Tarun Bajaj said on Wednesday.
As many as 27 amendments have been pushed through the Finance Bill 2021 tabled by Finance Minister Nirmala Sitharaman on Monday along with the Union Budget 2021-22. Probably in the third or fourth quarter of next financial year, depending on how soon the valuation comes, he said in an interview.
The government and RBI are working on inclusion of Indian sovereign bonds in global bond indices and it may become a reality by the second half of the next fiscal, Economic Affairs Secretary Tarun Bajaj said on Wednesday. The move would attract higher foreign flows as many overseas funds are mandated to track global indices. It will also help bring in large passive investments from overseas, as a result of which more domestic capital would be available for industry as crowding out would be reduced. We are trying for the first half itself but if not in first half, it can maximum stretch to second half, he told PTI in an interview when asked about the timeline for inclusion of government bonds in global indices.