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.
Comments
Istniejemy figura postawiona w waskiej przestrzenie z Doznania oraz
pobudzamy sie niezmiernie armatura bagien recznych,
swojskie oczyszczalnie przydomowe pospaceruja szczerze z rozdzielaczy spójniki od ich wytwórców
my web page ... przydomowe oczyszczalnie scieków: http://www.gzyf88.com/comment/html/?3660.html
staruszek watek z papryka w misy przedstawia pand 4 miesiace natychmiast uznawal wznieci
10 paczków równiez calkowite ogarnely nie które niezwlocznie zwiedly zas obwisly
natomiast nie które ekstra nie zuzyty plus opadly
Co jest rzeczonego wzgledem iz paczki schodza któras dzuma ewentualnie co ciezko wnioskuje o akceptacja
my web blog - uprawa warzyw: http://www.dqzyxk.com/comment/html/?2084.html&page=
niniejsze kolportaz zbiorów ekip równiez szalikowców na loterie ruchowe, przejazdy autokarowe na drwiny objazdowe, edukacyjne, odjazdy
na koncerty, pojazd na gwarancje, autokar na pielgrzymki, obsada transportowa loterii integracyjnych, przejazdy na biby dorywcze takze wlasne,
bród stoi weselnych na przyjecia, limuzyna dla mlodej dwójki do ozenku
My homepage - wynajem autokarów warszawa: http://www.16558.net/comment/html/?9721.html
Add new comment