LIC IPO can get us approx Rs1 Lakh crore, BPCL disinvestment around Rs 80,000 crore: Chief Economic Adviser on disinvestment target of Rs 1.75 lakh crore for 2021-22
Asserting that the disinvestment target of Rs 1.75 lakh crore for 2021-22 was "imminently achievable", Chief Economic Adviser (CEA) K V Subramanian on Saturday said the proposed initial public offering (IPO) by LIC itself could garner Rs 1 lakh crore for the government.
"There are estimates suggesting Rs 75,000-80,000 crore or even higher can just come from the privatisation of BPCL itself. LIC IPO could bring in Rs 1 lakh crore approximately." Source: PTI