LIC IPO | Authorities appoints Milliman Advisors for valuing the insurer


Right here's the predominant step in what is determined to be a long course of in public itemizing of LIC. After this, transaction and valid advisors will additionally be chosen.

December 31, 2020 / 04: 55 PM IST

The central authorities on December 31 chosen Milliman Advisors LLP India for arriving on the embedded price of Existence Insurance Corporation (LIC) forward of its IPO.

"The authorities has chosen Milliman Advisors LLP India as the Reporting Actuary for the Embedded Fee of LIC. Work to originate soon," Secretary, Department of Funding and Public Asset Management, or DIPAM, mentioned in a tweet.

Right here's the predominant step in what is determined to be a long course of in public itemizing of the affirm-owned insurer. After this, transaction and valid advisors will additionally be chosen.

Set simply, actuary handiest calculates the embedded price and valuation of a firm. Embedded price is a long-established valuation measure used to estimate the consolidated price of shareholders' ardour in an insurance coverage firm.

The authorities plans to sell minority stake in the insurance coverage behemoth and checklist it on the bourses. It has already appointed Deloitte and SBI Caps as pre-IPO transaction advisors. 

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