Latest News
-
Jio Financial Services Sees 80% YoY Decline In Q4 Net Profit, Net Interest Income Dives 70% -
Rs 25/Share Dividend Payout: Multibagger Small Cap Tata Stock Declares 52.6% Jump In Q4 PAT -
Wipro Q4 Results: Cons PAT Up 5% QoQ To Rs 2,834.6 Crore, Revenue Guidance Weaker Than Estimates -
How To Apply Your Voter ID Card Online: Quick Guide For Indian Citizens -
Emmforce Autotech IPO Debut April 23: Issue Size, Price Band, Check Details? -
1:5 Stock Split: PSU Bank Fixes Record Date For First Ever Stock Split; Buy For Rs 650-680 Targets -
Closing Bell: Market Stages Smart Recovery, Sensex & Nifty Snap 4-Day Losing Streak Led By HDFC Bank -
Hindustan Zinc's Quarterly Profits Dive 21% Amid Global Metal Price Slump, Shares Plummet; Buy Or Not? -
IRFC, RVNL, IRCTC, Railtel: Railway Stocks In Focus As Election Polls Begin; Mega Rs 10-12 Lakh Crore Plan -
Rs 14/Share Dividend: Stockbroking Co To Consider Bonus Share, Shares Up 126% In 180-Days
Public Listing Of LIC A Possibility As Part Of Modi 2.0 Reforms
As per an ET Now news, the talks of the listing of the country's largest insurer is at an early stage and an IPO may be rolled out going forward. LIC commands a 2/3 rd share in the overall life insurance space. The move shall be a part of the Modi 2.0 government's big bang reforms.
"The government is exploring legal opinion on the amendment of LIC Act for public listing," ETNow reported quoting sources.
There are two views given as the first being the listing will enable better operations of the firm as well as provide for more transparency. At the same time, the bottomline will be looked at in a more focused way and it will be difficult to reduce the premium rates.
"Listing of LIC is among the long-term reforms agenda of the Modi government," ETNow said, quoting sources.
The DIPAM and DFS areconsidering the pros and cons of listing the insurance company.
GoodReturns.in
