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Government Expects To Sell 3.5% Stake In LIC To The Public | LIC IPO Opens Soon | Latest News
Posted
April 27, 2022
Views
60
Likes
2
Engagement
3.33%
April 27, 2022
60
2
3.33%
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1:35Now PlayingIn mega news coming in from LIC's IPO (Initial Public Offering), the price band for the IPO is Rs. 902 to Rs. 949 per equity share, with a discount of Rs. 60 for policyholders. Retail investors and employees can get a discount of Rs. 45. The IPO of the Life Insurance Company is set to open for subscription in the upcoming week, from May 4th to May 9th. The government expects to sell 3.5% of its stake in the company for 21 thousand crore. All this information comes as the press conference by the management of the company. In an off-record conversation before the conference, the management sounds confident with their lowered prices and defence.
#Finance #IPO #LIC
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