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If the government misses the May 12 window available with it, LIC would have to file fresh papers with Sebi giving the results of December quarter and also update the embedded value.
The insurance behemoth LIC has got capital market regulator Sebi’s nod for its IPO. Now the ball is in the government’s court whether it wants to launch the LIC IPO now or later considering the geo-political situation...
Against 16,20,78,067 shares on offer, 29,08,27,860 bids were received, according to the data posted on stock exchanges at 7 pm.
LIC's profit stood at Rs 234.9 crore compared with Rs 90 lakh in the same quarter last year
Through the IPO of Life Insurance Corporation (LIC), the government aims to garner over Rs 60,000 crore in the current fiscal to meet its revised disinvestment target of Rs 78,000 crore
The LIC public issue is expected to be the biggest IPO in the history of the Indian stock market. Once listed, LIC's market valuation will be comparable to top companies like RIL and TCS.
The government has approved listing of shares of LIC on the stock market through an IPO by part-sale of its stake in the insurer and raising fresh equity capital
In her last year’s budget speech, Finance Minister Nirmala Sithraman had announced that the government would be listing Life Insurance Corporation (LIC)...