Centre to sell 3.5% stake in LIC, IPO to fetch Rs 21,000 crore
The government is likely to sell 3.5 per cent of LIC shares and LIC IPO is expected to fetch at least Rs 21,000 crore.
Source: indiatoday.in
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The government is likely to sell 3.5 per cent of LIC shares and LIC IPO is expected to fetch at least Rs 21,000 crore.
The LIC IPO would be the biggest ever in the history of the Indian stock market.
The IPO is offer for sale (OFS) by Government of India and there will be no fresh issue of shares by LIC
The IPO is offer for sale (OFS) by Government of India and there will be no fresh issue of shares by LIC
The government was looking to sell 5 per cent stake in LIC this month, which could have fetched over Rs 60,000 crore to the exchequer