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BPCL, Air India stake sale by September this year, LIC IPO after October

URL copied BPCL, Air India stake sale by September this year, LIC IPO after October  The initial public offering (IPO) of India s largest insurance company LIC is likely after October this year, a top official said on Tuesday laying out the government s divestment calendar that includes completing the sale of flag carrier Air India and oil firm BPCL within the first half of the next fiscal. Targeting to raise Rs 1.75 lakh crore from the asset sale to finance projects aimed at reviving the pandemic battered economy, the government is also looking to sell Shipping Corp of India (SCI), IDBI Bank Ltd and two other public sector lenders in the fiscal year beginning April 1.

Petrol, diesel prices unchanged for 7th day after hitting new record high: Check fuel prices in metro cities on February 3, 2021

State-owned fuel retailers Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) had on January 6, resumed daily price revision after nearly a month-long hiatus. Since then, rates have gone up by Rs 2.34 a litre on petrol and Rs 2.36 in case of diesel.

INTERVIEW | Confident Of Listing LIC, Selling BPCL, Air India In FY22, Says DIPAM Secretary Tuhin Kanta Pandey

INTERVIEW | Confident Of Listing LIC, Selling BPCL, Air India In FY22, Says DIPAM Secretary Tuhin Kanta Pandey
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