Home Business LIC IPO to open on May 4, close on May 9: Report

LIC IPO to open on May 4, close on May 9: Report

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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. 


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