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    HomeNewsBusinessIPOIndia expects to open LIC IPO issue by mid-March: Report

    India expects to open LIC IPO issue by mid-March: Report

    The listing of LIC is set to be India's biggest ever IPO, with the government aiming to raise up to 900 billion rupees ($12.18 billion) from its stake sale.

    Reuters
    January 13, 2022 / 16:24 IST

    Life Insurance Corporation, India's largest insurer, is likely to file a draft prospectus as early as end of this month and begin issuing public shares by mid-March, one government and two banking sources with direct knowledge of the matter in New Delhi and Mumbai told Reuters.

    The listing of LIC is set to be India's biggest ever IPO, with the government aiming to raise up to 900 billion rupees ($12.18 billion) from its stake sale.

    Reuters
    first published: Jan 13, 2022 04:24 pm

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