LIC Disinvestment – why is government selling precious assets when market is at its worst?

Disinvestment of India’s largest insurer LIC has been the claim to fame for several months now. The initial public offering (IPO) of Life Insurance Corporation (LIC) is expected to be the biggest ever in the country’s history, which was announced by the finance minister Nirmala Sitharaman in the 2021 Union Budget and was expected to occur in 2022. However, this IPO kept getting delayed for various reasons and has now been pushed in a hurry just when the Ukraine war is going on, inflation is at its highest and the stock market at its lowest in recent times.

continue reading: https://www.siasat.com/lic-disinvestment-why-is-government-selling-precious-assets-when-market-is-at-its-worst-2322218/