Govt Likely to Launch IPO by Early-May, May Offer to Sell Over 5%


The authorities is more likely to launch Life Insurance Corporation’s (LIC) preliminary public providing by early-May. The Center would possibly supply to promote greater than 5 per cent by way of the general public supply, in keeping with sources.

The authorities is in contact with bankers and advisors to finalize the state-owned insurance coverage behemoth’s red-herring prospectus for the preliminary public providing, the sources instructed CNBC-TV18. The sources mentioned that the worldwide financial uncertainties have been factored in and market volatility has ebbed.

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