LIC files DRHP with SEBI for mega IPO - BusinessToday
During her Budget speech, Finance Minister Nirmala Sitharaman had announced that LIC's IPO is "expected shortly".
Source: businesstoday.in
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During her Budget speech, Finance Minister Nirmala Sitharaman had announced that LIC's IPO is "expected shortly".
The participating policyholders' fund of the IPO-bound insurer stands at Rs 24.57 lakh crore.
The LIC IPO would be the biggest IPO in the history of Indian stock market and once listed LIC's market valuation would be comparable to top companies like RIL and TCS
The acquisition price is disclosed in the DRHP filed by the country's largest insurer with the Securities and Exchange Board of India (SEBI).