02
Aug
New Delhi, Aug 2, 2025: The Department of Investment and Public Asset Management (DIPAM) has completed the process of appointing merchant bankers and legal advisors to assist with the proposed stake sale in Life Insurance Corporation of India (LIC), according to DIPAM Secretary Arunish Chawla. The announcement marks a significant step in the government’s broader divestment strategy for key financial institutions.Chawla also stated that the government expects to finalise the selection of a winning bidder for IDBI Bank by March. Financial bids for IDBI will be invited after October, with the government aiming to receive them by December. The central…