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

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.

Published on: Apr 25, 2022, 22:12:24 IST
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The initial public offering of the country's largest insurer LIC will open on May 4 and close on May 9, sources said.

LIC IPO to open on May 4, close on May 9: Report (Reuters File Photo)
LIC IPO to open on May 4, close on May 9: Report (Reuters File Photo)

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.

 
Track live Stock Market Today updates and check your NSE IPO Allotment Status Today. Stay informed with the latest business news like N Chandrasekaran, petrol and diesel prices, gold and silver rates, income tax updates, and major economic developments across India and globally.
Track live Stock Market Today updates and check your NSE IPO Allotment Status Today. Stay informed with the latest business news like N Chandrasekaran, petrol and diesel prices, gold and silver rates, income tax updates, and major economic developments across India and globally.
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