In Budget 2020, the Finance Minister, Nirmala Sitharaman announced that the government is planning to sell part of its holdings in the country's largest insurer, Life Insurance Corporation of India (LIC) through an initial public offering (IPO). Later, finance ministry officials said that IPO will happen in the second half of 2021. LIC was established in the year 1956 through the Life Insurance Corporation Act of 1956 and now it has assets worth Rs 31 lakh crore. In this video, Mr. C S Sudheer has explained everything you need to know about LIC IPO.
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