Govt will reserve up to 10% in LIC's IPO for policyholders: DIPAM Secretary

Provisions have been added in the LIC Act to provide some reservation to policyholders as shareholders, said DIPAM secretary Tuhin Kanta Pandey

Topics
Dipam | Finance Ministry | Union Budget

Nikunj Ohri 

LIC policyholders, who have had a hand in creating this institution, will get an opportunity to own a part of the PSU, DIPAM secretary Tuhin Kanta Pandey told Nikunj Ohri. In an interview, Pandey said up to 10 per cent of the issue size of LIC’s IPO will be reserved for policyholders.

Edited excerpts: With the new privatisation policy, what will be government’s presence in strategic sectors? Strategic sectors have been divided into four buckets. The first is based on national security, atomic energy space and defence. The second is critical infrastructure, transport and ...

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, February 03 2021. 06:10 IST
RECOMMENDED FOR YOU