The Finance Bill has taken a very bold step to announce the listing of Life Insurance Corporation (LIC). Truly, LIC has held a prime position in Indian history. Its contribution to the economy is unparalleled.
With the life fund of about Rs 30 trillion, it is one of the biggest balance sheets in the nation. The institution will contribute, by way of listing and offering the government equity shares to public, a sizeable amount. There are a few interesting facets of this offer, which will need evaluation before the IPO is conducted. One of the critical issues will be whether the ...
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First Published: Thu, February 13 2020. 21:36 IST
