LIC stake sale by IPO
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…GOI today cleared what was pretty clear throughout that Govt. will sell stake in LIC .
..I understand disinvestment is necessary but sometimes we need to leave some sectors and some companies out of its scope.
…This step will bounce share market and bring more sip in small to medium term but its a dangerous step.
…whats your opinion guys….
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A good decision. The more a govt holds a company,more will be the interference by politicians & bureaucrats.A good example of this is IDBI takeover,if LIC was under a pvt management it would have never done that.