FY24 disinvestment target pragmatic, but challenging: Dipam Secy Pandey

'Privatisation processes are BMMP (bandwidth, market available, minority shareholders, and the process)', said Tuhin Kanta Pandey

LIC is a long-term investor and has diversified portfolios, Tuhin Kanta Pandey, secretary, the Department of Investment and Public Asset Management (Dipam), tells Shrimi Choudhary in an interview, amid concerns about the insurer’s exposure to Adani group companies. He also sees the FY24 disinvestment target as pragmatic, yet challenging because of uncertainties in the market. Edited excerpts:

Do you think LIC shareholders need to be concerned about its exposure to Adani group companies? Is the development posing a systemic risk?

I can’t comment on “systemic risk” as these issues have been looked at by the regulators. They (LIC & banks) have a