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LIC share sale is an 'Atmanirbhar issue': DIPAM secy Tuhin Kanta Pandey

The issue is an example that capital markets can be run without having to completely rely on foreign investors, Tuhin Kanta Pandey said

DIPAM Secretary Tuhin Kanta Pandey
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DIPAM Secretary Tuhin Kanta Pandey

Nikunj Ohri New Delhi
The initial public offering (IPO) of Life Insurance Corporation of India (LIC) is an Atmanirbhar issue, and has been predominantly lifted by domestic investors, Tuhin Kanta Pandey, secretary, Department of Investment and Public Asset Management (DIPAM), said.

“This can be perceived as an Atmanirbhar issue...this issue can be an example of Atmanirbhar Bharat. Given the size of the issue, (that) India has been able to pull it off shows that the capability of our capital markets and domestic investors has increased substantially,” Pandey said.

The issue is an example that capital markets can be run without having to completely rely on foreign

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First Published: May 09 2022 | 11:35 PM IST

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