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Posted: 2020-02-01T07:52:45Z | Updated: 2020-02-01T07:53:35Z Govt To Sell Part Of Its Holding In LIC, Says Nirmala Sitharaman | HuffPost
This article exists as part of the online archive for HuffPost India, whichclosed in 2020. Some features are no longer enabled. If you have questionsor concerns about this article, please contactindiasupport@huffpost.com .
Business Nirmala Sitharaman budget LIC

Govt To Sell Part Of Its Holding In LIC, Says Nirmala Sitharaman

She said LIC will be listed as part of the government disinvestment initiative.
Press Trust of India
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ASSOCIATED PRESS

NEW DELHI — Finance Minister Nirmala Sitharaman on Saturday said LIC will be listed as part of the government disinvestment initiative.

She further said that the listing brings in more financial discipline among the entities.

The government proposes to sell a part of its holding in LIC through initial public offer, she said while unveiling Budget 2020-21.

Currently, the government owns the entire 100% stake in Life Insurance Corporation of India (LIC).

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-- This article exists as part of the online archive for HuffPost India, whichclosed in 2020. Some features are no longer enabled. If you have questionsor concerns about this article, please contactindiasupport@huffpost.com .

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