@the_news_21
The government will launch the mega public offer of LIC by March and file draft papers with market regulator Sebi by the end of this month, an official said.
Finance Minister Nirmala Sitharaman had last week reviewed the progress of the initial public offering (IPO) of Life Insurance Corporation (LIC) in a meeting with top officials of the ministry.
The official said the September 2021 quarter financials of LIC are getting finalised as well as fund bifurcation is in progress.
“We are hopeful of filing the DRHP (draft red-herring prospectus) with Sebi by month-end or early-February. One thing is for sure that IPO will come before the end of the current fiscal,” the official told PTI.
LIC IPO is crucial for meeting the Rs 1.75-lakh crore disinvestment target set for the current financial year ended March 2022. So far this fiscal, Rs 9,330 crore has been mopped up through PSU disinvestment.
The government in September last year appointed 10 merchant bankers, including Goldman Sachs (India) Securities Pvt Ltd, Citigroup Global Markets India Pvt Ltd and Nomura Financial Advisory and Securities (India) Pvt Ltd to manage the mega initial public offering of country’s largest insurer LIC.
Other selected bankers include SBI Capital Market Ltd, JM Financial Ltd, Axis Capital Ltd, BofA Securities, JPMorgan India Pvt Ltd, ICICI Securities Ltd, and Kotak Mahindra Capital Co Ltd.
Cyril Amarchand Mangaldas has been appointed as legal advisor for the IPO.
The government is in the process of deciding the quantum of government stake that will be divested through the IPO.
The government is also mulling allowing foreign investors to pick up stakes in the country’s largest insurer LIC. According to Sebi rules, foreign portfolio investors (FPI) are permitted to buy shares in a public offer. However, since the LIC Act has no provision for foreign investments, there is a need to align the proposed LIC IPO with Sebi norms regarding foreign investor participation.
The Cabinet Committee on Economic Affairs had in July last year cleared disinvestment of LIC.
cost generic clomiphene prices generic clomiphene online how to get generic clomid get clomiphene without insurance where buy clomid without dr prescription can you get generic clomiphene without insurance where can i buy generic clomid price
More articles like this would remedy the blogosphere richer.
azithromycin 250mg pills – ciplox 500 mg uk metronidazole 200mg cheap
buy domperidone generic – motilium 10mg drug how to buy cyclobenzaprine
inderal 20mg for sale – clopidogrel 75mg tablet order methotrexate 10mg generic
amoxiclav for sale – https://atbioinfo.com/ cost acillin
buy esomeprazole capsules – https://anexamate.com/ nexium medication
warfarin ca – https://coumamide.com/ losartan 25mg for sale
mobic 7.5mg canada – https://moboxsin.com/ meloxicam buy online
order deltasone 5mg for sale – https://apreplson.com/ deltasone online buy
ed remedies – buy ed pills uk otc ed pills that work
buy generic amoxicillin online – combamoxi.com buy amoxil generic
buy fluconazole 100mg pill – https://gpdifluca.com/ buy forcan tablets
cheap cenforce 50mg – https://cenforcers.com/# cenforce 50mg canada
whats the max safe dose of tadalafil xtenda for a healthy man – click cialis usa
order ranitidine 300mg – https://aranitidine.com/ ranitidine 150mg sale
centurion laboratories tadalafil review – strong tadafl cialis 100mg from china
Thanks on putting this up. It’s evidently done. https://buyfastonl.com/amoxicillin.html
Thanks on putting this up. It’s well done. https://prohnrg.com/product/get-allopurinol-pills/
With thanks. Loads of expertise! https://aranitidine.com/fr/viagra-professional-100-mg/
With thanks. Loads of knowledge! https://ondactone.com/simvastatin/
This website positively has all of the tidings and facts I needed about this subject and didn’t comprehend who to ask.
colchicine pills
Thanks for putting this up. It’s well done. https://maps.google.co.nz/url?q=https://www.facer.io/u/rybelsus
The reconditeness in this serving is exceptional. http://iawbs.com/home.php?mod=space&uid=914826
purchase orlistat generic – site buy xenical medication
Thanks recompense sharing. It’s outstrip quality. http://bbs.51pinzhi.cn/home.php?mod=space&uid=7112520
You can conserve yourself and your family by being wary when buying pharmaceutical online. Some pharmacopoeia websites control legally and put forward convenience, privacy, cost savings and safeguards to purchasing medicines. buy in TerbinaPharmacy https://terbinafines.com/product/zantac.html zantac
You can shelter yourself and your dearest by being wary when buying medicine online. Some pharmaceutics websites function legally and offer convenience, privacy, cost savings and safeguards over the extent of purchasing medicines. buy in TerbinaPharmacy https://terbinafines.com/product/nolvadex.html nolvadex
The thoroughness in this break down is noteworthy. on this site
You can protect yourself and your ancestors by being cautious when buying medicine online. Some druggist’s websites function legally and put forward convenience, reclusion, bring in savings and safeguards as a replacement for purchasing medicines. http://playbigbassrm.com/
This website absolutely has all of the information and facts I needed to this subject and didn’t positive who to ask.
利用强大的谷歌蜘蛛池技术，大幅提升网站收录效率与页面抓取频率。谷歌蜘蛛池
Đến với J88, bạn sẽ được trải nghiệm dịch vụ cá cược chuyên nghiệp cùng hàng ngàn sự kiện khuyến mãi độc quyền.