By Abhishek Kothari | Sapna Das Feb 7, 2022 6:46:17 AM IST (Updated)
DIPAM secretary Tuhin Kanta Pandey has confirmed to CNBC-TV18 that the embedded value of LIC could be slightly over Rs 5 lakh crore, with enterprise value many times more. Sources privy to the developments told CNBC-TV18 that the embedded value of the corporation is around Rs 5.40 lakh crore.
The union government, the sole owner of the Life Insurance Corporation of India (LIC), plans its disinvestment by early March of FY22 according to the Department of Investment and Public Asset Management (DIPAM) secretary, with the draft red herring prospectus to be filed next week.
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DIPAM secretary Tuhin Kanta Pandey has confirmed to CNBC-TV18 that the embedded value of LIC could be slightly over Rs 5 lakh crore, with enterprise value many times more. Sources privy to the developments told CNBC-TV18 that the embedded value of the corporation is around Rs 5.40 lakh crore.
The draft prospectus is likely to be filed either on February 9, 2022, or on February 11, 2022.