Ground-handling arm of Air India to be monetised first: DIPAM Secy

In a Q&A, Tuhin Kanta Pandey says govt has started initial investor outreach for the LIC IPO, and investment bankers are working on a strategy

The government has started preliminary investor outreach for the initial public offering (IPO) of Life Insurance Corporation (LIC) of India, and investment bankers are working on a strategy, says Department of Investment and Public Asset Management (DIPAM) Secretary TUHIN KANTA PANDEY in conversation with Nikunj Ohri. The government will soon finalise the foreign investment limit for the insurer, which could be less than 25 per cent. Besides Bharat Petroleum Corporation (BPCL), privatisation of BEML, Shipping Corporation of India (SCI), Neelachal Ispat Nigam (NINL), Pawan Hans, and Central Electronics (CEL) is being targeted for completion in the current fiscal year (2021-22,