Impact of LIC IPO on the Investors
The much-awaited IPO of the largest insurance company will be coming at the end of the current financial year. This can only be done after the government finishes the process of disinvestment of at least three PSUs. As per the economic time’s reports, three companies National Fertilizers Limited, Mishra Dhatu Nigam Limited and Rashtriya Chemical and Fertilizers Limited will get divested through a simpler method called to offer for sale or OFS before the launching of LIC IPO . A senior finance ministry official has declared that the LIC IPO will hit the market in the next year, adding that other issues will be completed before all necessary applications are in place. It may be noted that LIC had got principle approval from the cabinet committee on the economic affairs before the launching of LIC IPO. As per the news source, it is estimated that the 10% stake sale of LIC would generate a whopping amount of Rs 1 Crore to 1.5 Crore. To launch the LIC IPO, the ...