Govt aims big for LIC IPO, inspired by Zomato; eyes Rs 10 trn valuation

Valuers are expected to finalise embedded value of LIC this month

Life insurance corporation, LIC

Photo: Bloomberg

Nikunj Ohri New Delhi
Taking a cue from Zomato’s stellar initial public offering (IPO), through which it garnered a valuation of Rs 1 trillion, the government has asked its advisors and valuers to ascertain if the Life Insurance Corporation of India (LIC) should be valued at Rs 10 trillion or more.

The government is looking to offload about 10 per cent stake in LIC through the IPO. At that valuation, the government stands to net at least Rs 1 trillion from LIC’s proposed IPO, which will boost the Centre’s efforts to meet its disinvestment target of Rs 1.75 trillion for the current financial year. It

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First Published: Oct 25 2021 | 2:25 AM IST

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