Hyderabad Sep 25 PTI Chief Economic Adviser Krishnamurthy Subramanian on Saturday expressed confidence that the listing of LIC would happen by the fourth quarter of this year this years budget has Rs 175 lakh crores as the proceeds from privatisation Air India is proceeding well You must have read that there are two bids that have come Bharat Petroleum and LICs listing is also we are confident it should happen by the fourth quarter of this year he said I am quite confident that this year history will look at as a very very important year for privatisation he said at an interactive session as part of PGPMAX Leadership Summit 2021 of Indian School of Business ISB here The government has recently appointed 10 merchant bankers including Goldman Sachs India Securities Citigroup Global Markets India and Nomura Financial Advisory and Securities India to manage the mega initial public offering of countrys largest insurer LIC Subramanian who was replying to a query on privatisation talked about the Atma Nirbhar Bharat policy and the key reform of promoting privatisation vis-a-vis public sector entities except for some strategic sectors PTI SJR BN BN
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