Big news about LIC IPO, LIC may file IPO prospects in the last week of January

The government can sell 5 percent to 10 percent stake in Life Insurance Corporation of India. With this, the government can get Rs 1 lakh crore.

To ensure the success of its biggest IPO, the government is changing the rules.

Country’s largest insurance company Life Insurance Corporation of India (Life Insurance Corporation of India- LIC, in the last week of january Initial Public Offering (IPO) can file prospects for The government insurer plans to file a draft IPO prospectus in the week beginning January 31, which will provide the embedded value of LIC as well as the number of shares on offer. He said the current corona wave can disrupt the schedule. Finance Minister Wants listing of LIC by the end of FY 2021-22. It is believed that LIC’s IPO will be worth Rs 1 lakh crore. This will be the biggest IPO in the history of India.

times of India It has been said in the report that people with knowledge of the matter have told about this. No comment has been received from the Finance Ministry on this. LIC has also not given any reply. The stipulated deadline will take PM Narendra Modi’s government on track to list LIC by the end of March, which will give a much-needed boost to revenue. Bloomberg News reported in September that the government had sought to sell 5 per cent to 10 per cent stake in the insurer, which could fetch the government Rs 1 lakh crore.

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