Confident that LIC listing should happen by fourth quarter of this year: CEA Subramanian

Confident that LIC listing should happen by fourth quarter of this year: CEA Subramanian

Chief Economic Adviser Krishnamurthy Subramanian on Saturday expressed confidence that the listing of LIC would happen by the fourth quarter of this year. “…this year’s budget has Rs 1.75 lakh crores as the proceeds from privatisation. Air India is proceeding well. You must have read that there are two bids that have come. Bharat Petroleum … Read more

Government sets the ball rolling for mega listing of LIC

Government sets the ball rolling for mega listing of LIC

The government has selected leading global and Indian merchant bankers among 10 that will manage the initial public offer of Life Insurance Corporation of India (LIC), which is being pegged as the largest public listing for the Indian markets. The government has selected Goldman Sachs, JP Morgan, Citigroup, Nomura, Bank of America Securities, JM Financial, … Read more