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In May 2022, the government had sold 3.5% stake in LIC IPO, which was an entirely (offer for sale) worth around Rs 21,000 crore. It remains India s largest IPO to date. ....
In a stock exchange filing, the insurance giant said the Department of Economic Affairs, Ministry of Finance, in a memorandum dated December 20, 2023, has decided to grant it this one-time exemption to achieve 25% MPS. ....