JNS: Life Insurance Corporation of India (LIC) has not been privatized, said Central Government. Replying to a supplementary question during the Question Hour in Lok Sabha, Minister of State for Finance, Anurag Thakur said, the government is bringing in the IPO to usher in transparency and valuation.
“The IPO will increase the investment in LIC,” added the minister.
Thakur said, shareholders, as well as the country, would get profit from IPOs; “the shareholder percentage decision would be made later,” he added.
