Dear Zindagi: The listing can make LIC the most valuable company
Life insurance corporation (LIC), when it appears on the list, has the potential to approach directly to the top of the market capitalization classifications in national markets, as it is expected to emerge as the most valuable company in the country, ahead of the pesos Traditional heavy. Trusted industries or TCS.
LIC is the largest financial institution in the country with assets under management (AUM) of more than Rs 31 lakh crore. SBI Life Insurance , which belongs mainly to a public sector bank, has an AUM of Rs 1.6 lakh crore and is valued at Rs 89,400 crore.
Valued on the basis of its AUM, LIC would have a market cap of Rs 55 lakh crore. Currently, the most valuable company is Trusted industries with a market cap of Rs 8.8 lakh crore.
Following this assessment, the government can meet its goal of complete divestment of Rs 2.1 lakh crore by divesting 5% of SCI, said Nilesh Sathe, a former Irdai member.