LIC IPO may come in 2nd half of FY21, says finance secretary

Listing of insurance behemoth Life Insurance Corporation may be done in the second half of the next financial year, finance secretary Rajiv Kumar said on Sunday. Listing of LIC will bring in greater transparency, public participation and also deepen the equity market, he said. Asked about the quantum of dilution, Kumar said, it could be 10 per cent but no decision has been taken so far.