Govt will reserve up to 10% in LIC's IPO for policyholders: DIPAM Secretary

Provisions have been added in the LIC Act to provide some reservation to policyholders as shareholders, said DIPAM secretary Tuhin Kanta Pandey

LIC policyholders, who have had a hand in creating this institution, will get an opportunity to own a part of the PSU, DIPAM secretary Tuhin Kanta Pandey told Nikunj Ohri. In an interview, Pandey said up to 10 per cent of the issue size of LIC’s IPO will be reserved for policyholders. Edited excerpts:

With the new privatisation policy, what will be government’s presence in strategic sectors?

Strategic sectors have been divided into four buckets. The first is based on national security, atomic energy space and defence. The second is critical infrastructure, transport and tele communication; third being energy and minerals, power,