InvestorQ : What is the LIC disinvestment all about in the Budget2020 and how it will help the markets?
Lavanya Subramanian made post

What is the LIC disinvestment all about in the Budget2020 and how it will help the markets?

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Niti Shenoi answered.
1 year ago
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With not much information, FM has only announced that Life Insurance Corporation (LIC) plans to announce IPO wherein, the government will sell part of its stake. LIC is wholly-owned by the Indian government. Looking at the brighter scope of the LIC till now, it will have a significant impact on the market. It is expected to throw a positive reaction to markets.
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