Hello
98results for ""
The government will sell over 31 crore equity shares of LIC, according to the draft red herring prospectus filed with Sebi.
The government has been pulling out all the stops to have the country's biggest IPO completed by the end of March to help bridge a deficit gap this fiscal year and it had put other privatisation plans on hold to complete this.
Morgan Stanley said in a report the focus will be on raising additional resources through strategic divestment and asset monetisation.
The conclusion of the Air India divestment as well as the upcoming listing of LIC is expected to prompt the Centre for a robust divestment target for FY23.
The government may increase the limits on standard deduction from Rs 50,000 to Rs 1 lakh, SMC Global Securities said in a report.
The budget is likely to focus on gradual fiscal consolidation, continuing to favour investment-driven growth with a push for both public and private capex, and raising additional resources through strategic divestments and asset monetization.
LIC's listing is set to be India's biggest ever IPO, with the government aiming to raise up to 900 billion rupees ($12.2 billion) from selling a stake.
SEBI has also capped the number of shares anchor investors can sell at 50% of their investments after a lock-in of 30 days.
Snapdeal's IPO consists of a fresh issue of shares worth 12.5 billion rupees ($165.09 million) and an offer for sale of 30.8 million shares.
The global pandemic resulted in a digital transformation and adoption of technology at a societal level.