An important year for privatization, commented Krishnamurthy Subramaniam.
Chief Economic Adviser Krishnamurthy Subramaniam on Saturday expressed confidence that the listing of LIC will be done by the fourth quarter of this year.
“…this year’s budget has ₹1.75 lakh crore as privatization proceeds. Air India is progressing well. You must have read that there have been two bids. Bharat Petroleum and LIC also have listings, we Believe it should be by the fourth quarter of this year,” he said.
Speaking at an interaction session as part of the ‘PGPMax Leadership Summit 2021’ of the Indian School of Business (ISB) here, he said, “I am confident that this year, history will look as a very important year for privatization. “
government has recently 10 merchant bankers appointed The country’s largest insurers including Goldman Sachs (India) Securities, Citigroup Global Markets India, and Nomura Financial Advisory & Securities India to manage the mega initial public offering of LIC.
Mr. Subramaniam, who was responding to a question on privatization, talked about the ‘self-reliant India’ policy and the major reforms in promoting privatization with public sector entities except in some strategic areas.
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