Following the budget announcement, the government has appointed Deloitte and SBI Capital Markets as transaction advisors for the LIC issue, while also initiating the process to amend the LIC Act as the Centre is the sole shareholder under the law.
source https://timesofindia.indiatimes.com/business/india-business/eye-on-investors-govt-plans-to-list-lic-abroad/articleshow/78455261.cms
source https://timesofindia.indiatimes.com/business/india-business/eye-on-investors-govt-plans-to-list-lic-abroad/articleshow/78455261.cms
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