Budget 2022: LIC IPO to be launched soon, says FM Nirmala Sitharaman in her budget speech

Finance Minister Nirmala Sitharaman today said that the Initial Pubic Offering of Life Inusrance Corporation of India (LIC) will likley be soon the Finance Minsiter Nirmala Sithraman today said while announcing the Uion Budget 2022.

FM: Towards implementing new Public Sector Enterprise (PSE) Policy, strategic transfer of @airindiain
has been completed Strategic Partner for Neelanchal Ispat Nigam has been selected, public issue of LIC expected shortly, others in process for 2022-23

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Into her third full budget, Sitharaman said spoke about the government’s focus on disinvestment and its success on diving Air India. The Air India airline has now been handed over to the Tata Group.

The government on Monday had also approved the sale of Neelachal Ispat Nigam Limited (NINL) to Tata Steel Long Products.

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