The government is likely to sell a 3.5 per cent stake in Life Insurance Corporation (LIC) through an initial public offering which will hit the markets in the first week of the next month, an official said.
Rejecting the petitioner s contention, the bench said that a challenge to the Finance Act of 2021, through which the LIC Act was amended, could not be accepted in the absence of a challenge to a certificate issued by the Lok Sabha Speaker classifying the Finance Bill 2021 as a Money Bill, , madras high court, LIC disinvestment
The government should not try to time the stock market in offloading public-sector shares. Nor should disinvestment be just a coffer-stuffing exercise to reduce a yawning fiscal deficit