Ipo-rrb- of life insurance corporation of india - Latest News Update, Information, Photos & Videos on Ipo-rrb- of life insurance corporation of india at Lokmat Times

Union Finance Minister Nirmala Sitharaman on Tuesday announced that Initial Public Offering (IPO) of Life Insurance Corporation of India (LIC) is expected shortly.Presenting the Union Budget 2022-23 in Parliament Sitharaman said the strategic transfer of ownership of Air India has been completed towards implementation of the new Public Sector Enterprise policy."The strategic partner for NINL (NeelanchalIspat Nigam Limited) has been selected. The public issue of the LIC is expected shortly. Others too are in the process for 2022-23," she said.Later replying to a question at the post-budget press conference, Sitharaman said the IPO of LIC is likely in the current financial year. "In all probability, it is going to be held this year," she said.Tuhin Kanta Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM) said LIC is likely to file Draft Red Herring Prospectus with the market regulator SEBI in the next two weeks.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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Ipo-rrb- of life insurance corporation of india, Latest News

Business :Public issue of LIC expected shortly, says Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman on Tuesday announced that Initial Public Offering (IPO) of Life Insurance Corporation of India (LIC) is expected shortly. ...