LIC’s IPO dimension could also be diminished to Rs 21,000 crore; Concern might come out there on Could 2

Individuals mentioned the dimensions of the Preliminary Public Provide (IPO) of Life Insurance coverage Company of India (LIC) may very well be diminished to Rs 21,000 crore. Nonetheless, the IPO might include a greenshoe choice of Rs 9,000 crore. The entire IPO dimension as per the greenshoe choice can be Rs 30,000 crore and would dilute 5 per cent of the federal government stake.

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First printed: Fri, 22 April 2022. 06:05 IST

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