News From Press LIC IPO set to open on 4 May, issue size pared to ₹21,000 cr: Report

LIC IPO set to open on 4 May, issue size pared to ₹21,000 cr: Report

Source: Mint Apr 26, 2022

The much anticipated mega initial share sale of Life Insurance Corp. (LIC) has been announced and the issue will open on 4 May, according to a PTI report. The bidding for IPO will go on till 9 May.

The IPO, through which the government will sell 3.5% stake in state-owned Life Insurance Corporation (LIC), will fetch ₹21,000 crore to the exchequer.

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