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Centre files draft papers for LIC IPO with market regulator SEBI - Upon its listing, LIC is expected to become the largest company in India in terms of market capitalisation.
The participating policyholders' fund of the IPO-bound insurer stands at Rs 24.57 lakh crore.
The acquisition price is disclosed in the DRHP filed by the country's largest insurer with the Securities and Exchange Board of India (SEBI).
The LIC IPO, after approval of SEBI, is likely to hit the market in March.
Speaking at the BT Budget Roundtable 2022, DIPAM Secretary Tuhin Kanta Pandey said that the LIC IPO is scheduled for this month.