LIC's IPO after October

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New delhi date. 02 February 2021, Tuesday

In the budget, Rs. With an estimate of Rs 1.5 lakh crore, an exercise has been started in this regard. According to government sources, LIC's IPO will come after October.

According to sources, the disinvestment process in Air India and BPCL will be completed by the first half of the next financial year. Apart from this, the sale of stakes in Shipping Corporation of India (SCI) and IDBI Bank as well as two other government banks started on. Will be done from April 1.

According to sources in the Department of Investment and Public Asset Management, necessary steps have been taken for the sale of stakes in LIC and IDBI Bank. And it will be implemented soon.

Apart from this, privatization of Air India, BPCL, Pawan Hans, BEML, Shipping Corp., Nilachal Ispat Nigam and Ferro Scrap Nigam is also underway.

In the budget for the next financial year, Rs. A target of Rs 1.75 lakh crore has been set. In the current financial year, Rs. It was proposed to raise Rs 10.10 lakh crore. Of that, only Rs 15,000 crore has been raised so far. Thus, this target has been reduced.

The finance minister also said that sick PSUs would be shut down during the budget speech. He also mentioned that all disinvestments would be completed by the end of the current financial year.

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