LIC IPO: Centre plans to raise up to Rs 25,000 cr from over 24 anchor investors
The Life Insurance Corporation of India (LIC) will also undergo a change in its board structure and adopt new accounting standards before its IPO
BusinessToday.In | June 14, 2021 | Updated 10:26 IST
Centre may line up over two dozen anchor investors for mega IPO
The Centre is mulling to draw in a clutch of anchor investors to pump in up to Rs 25,000 crore in the shares of Life Insurance Corporation of India (LIC) in its IPO (Initial Public Offering).
The state-run insurer will also undergo a change in its board structure and adopt new accounting standards before its initial share sales.