Government gives nine-month extension to LIC chairman
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Last Updated: Jun 09, 2021, 04:25 PM IST
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Synopsis
The government has given a nine-month extension to LIC chairman M R Kumar till March next year in view of the insurer's proposed initial public offer towards the end of the current fiscal.
LIC chairman M R Kumar (File photo)
NEW DELHI: The government has given a nine-month extension to LIC chairman M R Kumar till March next year in view of the insurer's proposed initial public offer towards the end of the current fiscal.
In her budget speech 2021, finance minister Nirmala Sitharaman said the initial public offer (IPO) of LIC would be floated in 2021-22 as part of the ambitious Rs 1.75 lakh crore disinvestment target.

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