LIC IPO may spill over to next fiscal

Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said the pre-IPO work of LIC is going on at four stages -- appointment of advisors for ensuring compliance, legislative amendment, LIC#39;#39;s internal software changes to come out with its #39;#39;embedded value#39;#39; and appointing an actuary for vetting LIC#39;s actuarial valuation.

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