LIC listing could come in second half of FY21, says Finance Secretary

Listing of insurance behemoth Life Insurance Corporation (LIC) may be done in the second half of the next financial year, Finance Secretary Rajiv Kumar said on Sunday.

Finance Minister Nirmala Sitharaman while presenting the Budget 2020-21 on Saturday announced stake sale in LIC through an initial public offer in the next financial year.

There are a number of processes which have to be followed for the listing and some legislative changes would also be required for the listing of LIC, Kumar said.

"We will follow the extant procedure for listing and for other things including the legislative changes it requires in consultation with