Following the successful completion of the disinvestment of Air India, the government expects to carry out the divestment of BPCL in the current financial year. The government will also come up with Initial Public offerings (IPO) of Life Insurance Company (LIC) during the last quarter of this financial year.
Speaking to ANI, Secretary of Department of Investment and Public Asset Management (DIPAM) Tuhin Kant Pandey said: “LIC IPO will be a very major event. We are preparing hard for it and hopefully, we will be able to bring it out in the last quarter of the year.”
Bharat Petroleum Corporation Ltd (BPCL) is another company that is on the divestment list of the government. Pandey said that the government is expecting disinvestment of BPCL in the last quarter as well.
