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Before going for an IPO, LIC has to clear some thorns in its path. The pandemic made it tougher.

Even as it gears up for the mega event slated for the end of this financial year, the state-run insurer’s weak financials in the wake of the Covid-19 pandemic could play spoilsport, not to mention a host of other challenges like the lack of transparency and its stake in IDBI Bank.
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21 Aug 2020 7 Mins Read 0 comment
LIC head office in Mumbai, Maharashtra Getty Images
LIC head office in Mumbai, Maharashtra
When a behemoth with a balance sheet of over INR31 lakh crore decides to get listed, it’s easy to see why it could be one of the largest initial public offers (IPO) the country has seen. Not just that, the Life Insurance Corporation’s IPO is expected to contribute around INR80,000 crore to the government’s budgeted disinvestment kitty of INR2.10 lakh
that LIC will have to deal with, it cannot brush the others under the carpet either. Although fixing them might take a while — the impact of the viral outbreak itself is here to stay for at least another four quarters — and it never hurts going for an IPO in a good shape. ( Graphics by Abdul Shafiq)
When a behemoth with a balance sheet of over INR31 lakh crore decides to get listed, it’s easy to see why it could be one of the largest initial public offers (IPO) the country has seen. Not just that, the Life Insurance Corporation’s IPO is expected to contribute around INR80,000 crore to the government’s budgeted disinvestment kitty of INR2.10 lakh that LIC will have to deal with, it cannot brush the others under the carpet either. Although fixing them might take a while — the impact of the viral outbreak itself is here to stay for at least another four quarters — and it never hurts going for an IPO in a good shape. ( Graphics by Abdul Shafiq)

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