Government to bring in LIC IPO in FY22
Finance Minister Nirmala Sitharaman.
The Finance Minister has proposed raising the FDI cap in the insurance sector to 74% from 49% currently. Finance minister also stated that the initial public offering (IPO) of Life Insurance Corporation of India (LIC) will be out in FY22. She noted that legislative amendments to this effect will be launched in the Parliament in the Budget session.
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Published: February 1, 2021, 12:50 IST
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