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Life Insurance Corporation of India IPO only after 3 other PSU selloffs

Synopsis At least three firms – National Fertilisers Ltd, Mishra Dhatu Nigam Ltd and Rashtriya Chemical & Fertilizers Ltd – will be divested through offer on sale, or OFS, route within the next quarter, the official said. Earlier this month, the cabinet committee on economic affairs, or CCEA, gave its in-principle approval to list LIC. The government is looking to complete at least three public sector disinvestment transactions before rolling out the mega initial public offer (IPO) of Life Insurance Corporation of India early next year, a finance ministry official said. At least three firms – National Fertilisers Ltd, Mishra Dhatu Nigam Ltd and Rashtriya Chemical & Fertilizers Ltd – will be divested through offer on sale, or OFS, route within the next quarter, the official said.

Redeveloped Gandhinagar railway station to be inaugurated on Friday

Redeveloped Gandhinagar railway station to be inaugurated on Friday ​ By IANS | ​ 6 Views Redeveloped Gandhinagar railway station to be inaugurated on Friday. Image Source: IANS News Gandhinagar, July 15 : Prime Minister Narendra Modi will virtually inaugurate the India s first redeveloped railway station at Gujarat s capital Gandhinagar on Friday. The redeveloped railway station hosts a number of world-class facilities including the first-of-its-kind 5-star hotel built over the railway tracks, officials said here on Wednesday. Gujarat capital, Gandhinagar has the country s first redeveloped railway station. The station has been developed with a vision to complement the adjoining Mahatma Mandir Convention Centre (MMCC), which has become a preferred destination for conferences, exhibitions and events, said Managing Director and CEO of Indian Railways Station Development Corporation (IRSDC), SK Lohia.

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