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COVID-19 fallout: LIC listing, IDBI Bank stake sale may be postponed

Listing of Life Insurance Corporation (LIC) and sale of government’s stake in IDBI Bank may be delayed beyond March 2021, due to depressed valuation amid COVID-19 pandemic. The government aims to garner Rs 90,000 crore from the listing of LIC and stake dilution in IDBI Bank out of total the disinvestment target of Rs 2.10 lakh crore during the current fiscal.

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