The Government is trying to launch the initial public offering (OPI) of Life Insurance Corporation (LIC) in the fourth quarter (January-March) of this financial year, as planned, the Department of Investment and the Secretary of Management of Public Assets (DIPAM) Tuhin Kanta Pandey told CNBC-TV18 at an exclusive interaction.

He said that financial offers for Nilchal Ispat, Pawan Hans were probably probably in December and that the stage of financial bids for Bharat Earth Movers and the shipping corporation would be achieved very soon. He added that these four transactions were at a relatively advanced stage.

He said that BPCL’s stake sale was still in a stage of due diligence.

“We are not in a position to say when we can have financial offers,” said Pandey.

Recently, Finance secretary TV Somanathan, in an interview with CNBC-TV18, had said something similar to adding that he was not sure that BPCL’s divestment would pass through this prosecutor.

Yesterday, LIC reported a better asset quality for the financial year that ended March 2021. The unrealized assets (NPA) as of March 31, 2021, are RS 35,129.89 Crore of a total portfolio of RS 4,51,303.30 million rupees, according to LIC. Last Annual Report.

The built-in Behemoth value of insurance, according to a report, has been calculated at $ 150 billion in an actuarial valuation exercise. The incorporated value, including the current value of future profits with the net value of the assets, is the key financial indicator for insurers.