‘Private companies can’t be used as benchmark to value LIC’

With the government appointing merchant bankers for what is likely to be the largest government divestment and largest IPO, there is speculation on LIC’s valuation. Many have used the private sector listed companies or SBI Life as a proxy for embedded value (EV) and EV multiple at which LIC shares could be offered.

from Markets-Economic Times https://ift.tt/3yNIinJ