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Govt refutes speculation over LIC IPO s delay, says it is on course

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Nirmala sitharamanDepartment of investmentLife insurance corporationImage sourcePublic asset managementFinance minister nirmala sitharamanBudget speechMilliman advisorsLic ipoIc ipo plansDipam secretaryIc ipo unlikely to get delayedLife insurance corporation of indiaInitial public offering ipoInitial public offeringLic ipo in fyq4 2021

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

New delhiNirmala sitharamanDepartment of investmentCabinet committee on economic affairsDevelopment authority of india irdaiExchange board of india sebiLife insurance corporationExchange boardInsurance regulatoryDevelopment authorityFinance minister nirmala sitharamanCabinet committeeEconomic affairsLife insurance corporation actBudget speechPublic asset management

LIC IPO on course : Govt refutes speculation around state insurer s public offer

Tuhin Kant Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM) took to Twitter stating that the media conjectures "doubting the feasibility" of the state insurer this fiscal year "is not correct."

Nirmala sitharamanTuhin kanta pandeyDepartment of investmentCabinet committee on economic affairsExchange board of indiaLife insurance corporationDevelopment authority of indiaPublic asset managementExchange boardInsurance regulatoryDevelopment authorityFinance minister nirmala sitharamanCabinet committeeEconomic affairsLife insurance corporation actBudget speech

LIC IPO unlikely to take place in ongoing fiscal, here s why investors will have to wait a little longer | Companies News

The government is unlikely to come up with the IPO of Life Insurance Corporation (LIC) in the current financial year ending March 2022.

New delhiNirmala sitharamanDepartment of investmentCabinet committee on economic affairsDevelopment authority of india irdaiExchange board of india sebiLife insurance corporationExchange boardInsurance regulatoryDevelopment authorityFinance minister nirmala sitharamanCabinet committeeEconomic affairsLife insurance corporation actBudget speechAlso read

LIC IPO unlikely this fiscal; here s why

LIC's IPO requires vetting not only by SEBI (Securities and Exchange Board of India) but also the IRDAI (Insurance Regulatory and Development Authority of India that doesn't have a head for almost seven months.

Nirmala sitharamanDepartment of investmentCabinet committee on economic affairsExchange board of indiaLife insurance corporationDevelopment authority of indiaExchange boardInsurance regulatoryDevelopment authorityFinance minister nirmala sitharamanCabinet committeeEconomic affairsLife insurance corporation actBudget speechPublic asset managementMilliman advisors

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