» Business » Govt to sell part of its stake in LIC

Govt to sell part of its stake in LIC

Source: PTI  -  Edited By: Hemant Waje
February 01, 2020 13:49 IST

Finance Minister Nirmala Sitharaman on Saturday said insurance behemoth Life Insurance Corporation of India 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 per cent stake in LIC.

Get Rediff News delivered into your Inbox.
Source: PTI  -  Edited By: Hemant Waje© Copyright 2020 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.