The IPO, through which the government will sell 3.5 per cent stake in state-owned Life Insurance Corporation (LIC), will fetch ₹21,000 crore to the exchequer.
LIC IPO to open on May 4, close on May 9: Report(Reuters File Photo)
Published on Apr 25, 2022 10:12 PM IST
The initial public offering of the country’s largest insurer LIC will open on May 4 and close on May 9, sources said.
The IPO, through which the government will sell 3.5 per cent stake in state-owned Life Insurance Corporation (LIC), will fetch ₹21,000 crore to the exchequer.
The IPO values LIC at ₹6 lakh crore.Â
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