Begin typing your search...
LIC to appoint CFO before its mega IPO planned in 2021-22
State-backed Life Insurance Corp of India (LIC) is seeking to appoint a chief financial officer, according to a notification on its website, ahead of an initial public offering slated before the end of the fiscal year.
By
migrator
migrator
New Delhi
The move to hire a CFO follows a decision to re-designate LIC’s top job to chief executive officer from chairman earlier this year. LIC is currently undergoing a valuation exercise for an IPO that could be India’s biggest ever as the government seeks to raise around Rs 90,000 crore by selling 5%-10% stake in the company by the end of the fiscal year that runs through March. Recently, government appointed ten investment banks to handle the offering.
Visit news.dtnext.in to explore our interactive epaper!
Download the DT Next app for more exciting features!
Click here for iOS
Click here for Android
Next Story
