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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)...

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 min...

LIC IPO May Hit Market in Fourth Quarter of Next Fiscal: DEA Secretary Tarun Bajaj FOLLOW US ON: 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, depend...

BPCL, Air India stake sale by September; LIC IPO post October, says DIPAM Secretary Updated: Updated: Share Article Image for representational purpose only.   | Photo Credit: Reuters 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 ₹1.75 lakh crore from the asset sale to finance projects aimed at reviving the pande...

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. In ...