scorecardresearchLIC files DRHP papers with Sebi to sell 5% stake; IPO to drive numerous new investors to markets

LIC files DRHP papers with Sebi to sell 5% stake; IPO to drive numerous new investors to markets

Updated: 14 Feb 2022, 02:26 PM IST
TL;DR.
The IPO of the insurance major is likely to be launched before March-end, in this current financial year.
LIC is one of the largest corporations in India and its IPO launch would be the largest public offering ever in the history of Indian financial market. Photo: Anushree Fadnavis/ Reuters

LIC is one of the largest corporations in India and its IPO launch would be the largest public offering ever in the history of Indian financial market. Photo: Anushree Fadnavis/ Reuters