India’s LIC likely to list by fourth quarter of this year, says chief economic advisor

Photo: Reuters

India’s Chief Economic Adviser Krishnamurthy Subramanian exuded confidence that the insurance major Life Insurance Corporation of India (LIC) would be listed by the fourth quarter of this year.

“…this year’s budget has 1.75 lakh crores as the proceeds from privatisation. Air India is proceeding well. You must have read that there are two bids that have come. Bharat Petroleum and LIC’s listing is also, we are confident it should happen by the fourth quarter of this year,” he said during an event on Saturday.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter