Central Government to Hire Deloitte and SBI Capital as Advisers to LIC for IPO

The Indian government is all set to avail the services of Deloitte and SBI Capital to assist LIC in the initial share sale. According to the tender issued in June, the consultants will help LIC to evaluate its capital structure and in reevaluating its financial statement. The government of India, under PM Narendra Modi, is keen to go ahead with the IPO, which may in return help in reducing the budget deficit.

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News Source: Business Line 

Update by Suman Mondal