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LIC listing: Soon after this became viral, netizens did what they do best -- share the choicest memes. From reminiscing about Paresh Rawal and Akshay Kumar-starrer comedy Hera Pheri to Prabhas and Pooja Hedge-starrer romantic drama Radhe Shyam, here’s how the Internet reacted to LIC’s tepid listing:
The DIPAM secretary Tuhin Kanta Pandey further said that this could be a fine example of Aatmanirbhar Bharat where domestic investors have backed such a large issue.
Known to be India's largest ever IPO, through this the government is disinvesting its 3.5 per cent stake to collect approximately Rs 21,000 crore from the markets.
Government of India has proposed to sell 5 per cent of its stake in the public insurer Life Insurance Corporation of India (LIC) via its much-awaited initial public offer (IPO), Minister of State for Finance Dr Bhagwat Karad told the Lok Sabha.
If the government misses the May 12 deadline, LIC would have to file fresh papers with Sebi giving the results of the December quarter