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The issue comprises an offer for sale up to ₹20,557 crore where the government will offload a 3.5% stake. Also, LIC offers ₹60 per equity share discount to LIC policyholders, and ₹45 per equity share discount offered to retail investors. ....
LIC IPO: P Chidambaram questions government s desperation , says wrong time to do an IPO - P Chidambaram also questioned why the government decided to bring LIC IPO after missing the March 31, 2022 deadline. ....
LIC's IPO size will be Rs 20,557 crore. With this IPO, the government would sell a 3.5 per cent stake in the insurance giant by selling 22.13 crore shares. ....
LIC IPO's launch date has been announced and it will be an opportunity for Life Insurance Corporation of India's policyholders and employees and investors to try their luck. ....