LIC IPO unlikely to take place this fiscal due to delay in valuation
Once listed, LIC is likely to become one of the biggest domestic companies with an estimated valuation of Rs 8-10 lakh crore
Stay updated with breaking news from Milliman Advisors. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Once listed, LIC is likely to become one of the biggest domestic companies with an estimated valuation of Rs 8-10 lakh crore
Once listed, LIC is likely to become one of the biggest domestic companies with an estimated valuation of Rs 8-10 lakh crore
The government is unlikely to come up with the IPO of Life Insurance Corporation (LIC) in the current financial year ending March 2022, as the valuation of the state-owned behemoth is taking more than anticipated time, and preparatory work is still far from complete. There are still some issues that need to be addressed with regard to the valuation of LIC, a senior official of
LIC IPO unlikely to take place this fiscal due to delay in valuation
Foreign participation could be allowed as per the listing norms of the Securities and Exchange Board of India (SEBI) and the extant sectoral FDI guidelines.