Tag: Lic Ipo

LIC
LIC IPO May Come In 2nd Half Of FY21, Says Finance Secretary

New Delhi: Listing of insurance behemoth Life Insurance Corporation (LIC) may be done in the second half of the next financial year, Finance Secretary Rajiv Kumar said on Sunday. Finance Minister Nirmala Sitharaman while presenting the Budget 2020-21 on Saturday announced stake sale in LIC through an initial public offer in the next fiscal. There […]

  • Tuesday, 20 April 2021
LIC-Disinvestment
No Need To Repeal LIC Act For Divestment Of Stake: Experts

Chennai: There is no need to repeal the Life Insurance Corporation (LIC) Act 1956 and convert LIC into a company under the Companies Act, but the sovereign guarantee on the policyholders has outlived its utility and can be cancelled, said experts in insurance law and business. Industry officials said the sovereign guarantee is not a […]

  • Tuesday, 20 April 2021
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