LIC has many subsidiaries, including IDBI Bank. It acquired controlling stake in the bank last year. The government aims to garner Rs 90,000 crore from the listing of LIC and stake dilution in IDBI Bank in the next fiscal out of total disinvestment target of Rs 2.10 trillion. Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said the government is readying "big ticket disinvestment" for the next fiscal with approvals in place for BPCL, Air India, Shipping Corporation and Concor. "Going forward, we have a challenging task and we are ready for it,... With someminority stake sale and big strategic disinvestment we hope to achieve this target," he said.