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Budget-2020:FM unveils disinvestment plans for LIC
On the the IPO size and timeline for the LIC disinvestment plans, Rajeev kumar, finance secretary cum secretary department of financial services(DFS) said the detaisl are being worked out.
“It will be finalised in the next fiscal.The required measures and the processes,including the consultations with the Law ministry,for the disinvestment of LIC, have already been initiated” said Kumar.
3 PSU general insurers to receive Rs 6,950 cr capital
According to the budget papers, a sum of Rs 6,950 crore has been allocated towards recapitalisation of the government-owned general insurers – the National Insurance Company Ltd, the Oriental Insurance Company Ltd and the United India Insurance Company Ltd – so that they can maintain the required solvency ratio.
LIC may become biggest firm by m-cap; valuation can hit Rs 10 trn: Experts
New I-T regime to curb investments, will impact market negatively: Experts
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