New Delhi, Feb 2: Budget 2020 announcement that insurance behemoth LIC will be listed was well received by market participants who said this will be "IPO of the decade" akin to the Saudi Aramco listing.
Finance Minister Nirmala Sitharaman on Saturday said Life Insurance Corporation (LIC) will be listed as part of the government disinvestment initiative.
A "highlight of the budget is the LIC IPO, which is akin to the Saudi Aramco listing for Indian capital markets, and will be IPO of the decade," Vijay Bhushan, President, Association of National Exchanges Members of India (ANMI) said.
According to Krishna Kumar Karwa, Managing Director, Emkay Global Financial Services, the LIC IPO will be a big positive for corporate governance and transparency and will open up one more avenue for fund raising for the government over the years.
Metropolitan Stock Exchange, Interim CEO, Balu Nair said: "The LIC listing will be eagerly awaited by investors and will provide huge fillip to capital raising through the primary market." The government proposes to sell a part of its holding in LIC through an initial public offer, Sitharaman said while presenting Budget 2020-21.
"The government will sell part of LIC through its listing in the stock market which is also a positive trigger for the market," Amit Gupta, CO-Founder and CEO, TradingBells.
Jaideep Hansraj, MD and CEO of Kotak Securities said listing of LIC would help bridge a gap in the Fiscal Deficit for FY21.
Currently, the government owns the entire 100 per cent stake in LIC.
Saudi Aramco shares were listed in December last year.
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Media is giving half report. As this issue relates to bjp, hired media is not giving true figure of explosives + ammunitions seized. There is a report that scores of weapons and bags full of explosives are seized but media is showing only 10 percent of it. Even the inspectors are hiding the figure. However, we common man wants to know the fact. We want to know reason why bjp offices are turned into godown of ammunitiions, explosives, evm machines, ballot papers, voter id cards, adhaar cards etc etc. Why investigating agencies are shut their mouth.
If this news is true then why he not called terrorist.
What type of award central govt will give. For such offenders and to their god fathers a strict punishment must given. Don't spare , for pocessing arms and amuntion remember Sunjay Dut case. All must deported from Maharashtra to Andaman for ever.
Real face of BJP/RSS party
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