India News | LIC IPO to Open on May 4: Sources
Get latest articles and stories on India at LatestLY. The initial public offering of the country's largest insurer LIC will open on May 4 and close on May 9, sources said.
New Delhi, Apr 25 (PTI) 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.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)