The Union government is planning the initial public offering of Life Insurance Corp. of India Ltd in the March quarter, a top government official said. “We are working very hard for the LIC IPO,” said Tuhin Kanta Pandey, secretary of the Department of Investment and Public Asset Management. DIPAM has appointed 10 merchant bankers, including Goldman Sachs Securities, Citigroup Global …
State-run telecom firm MTNL has started the process to monetise assets worth ₹23,000 crore as it aims to turn profitable in the next fiscal year, a top official of the company said on Thursday. The company has already submitted plans to the Department of Investment and Public Asset Management to monetise ₹6,200 crore worth assets that include 36 acres of …