Govt bets on Rs 1 lakh crore from LIC IPO, divestment target easily in reach | Editorji
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Govt bets on Rs 1 lakh crore from LIC IPO

Mar 27, 2021 19:02 IST | By Editorji News Desk

Rs 1.75 lakh crore is an achievable divestment target for the coming fiscal, that's the word coming in from govt that is banking on the mega LIC IPO in FY'22.

India's Chief Economic Adviser speaking at a virtual confrence said, "There are estimates suggesting Rs 75,000-80,000 crore or even higher can just come from the privatisation of BPCL itself. LIC IPO could bring in Rs 1 trillion approximate"

The LIC IPO are on track with the govt passing amendments in the LIC Act  through the Finance Bill 2021 in Parliament.

 

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