By CNBCTV18.COMFeb 11, 2022 2:02:13 PM IST (Published)
LIC IPO: Life Insurance Corporation of India's board will meet today (Friday) to consider a proposed mega initial public offering (IPO) of the state-run insurance behemoth, sources told CNBC-TV18. Here are 10 things you should know before the LIC IPO hits the market.
Life Insurance Corporation of India's board will meet today (Friday) to consider a proposed mega initial public offering (IPO) of the state-run insurance behemoth, sources told CNBC-TV18. The board will discuss a likely discount and the portion to be reserved for policyholders, they said.
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The company, which is 100 percent owned by the Government of India, is likely to submit a draft red herring prospectus (DRHP) today. The Insurance Regulatory and Development Authority (IRDAI) gave its go-ahead for Life Insurance Corporation's IPO proposal on February 9.
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