LIC's helping hand to government

In March 2016, the government divested its 5 per cent stake in Container Corporation of India. Going by historical records, there is 73 per cent probability that Life Insurance Corporation, or LIC, will end up buying up to 40 per cent of what was on offer. How can we say so? We can say so because it's LIC which has frequently come to the rescue of the government during its disinvestment drives. We analysed all the instances of disinvestment by the government in public-sector undertakings (PSUs) since