LIC IPO to open on May 4: Sources
IPO will fetch Rs 21,000 crore to the exchequer
IPO will fetch Rs 21,000 crore to the exchequer
IPO will fetch Rs 21,000 crore to the exchequer
IPO will fetch Rs 21,000 crore to the exchequer
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 Rs 21,000 crore to the exchequer.
The IPO values LIC at Rs 6 lakh crore.