Insurance regulator (IRDAI) has cleared LIC’s IPO proposal, sources informed CNBC-TV18. The LIC DRHP submitting with SEBI is now prone to occur on February 11, 2022. The quantum of divestment & EV numbers to be talked about in DRHP.
The much-awaited LIC IPO is anticipated to be the largest ever witnessed by the nation. LIC’s IPO could assist the federal government attain its revised divestment goal of Rs 78,000 crore, down from the preliminary goal of Rs 1.75 lakh crore. So far this monetary yr the federal government has managed to lift Rs 12,000 crore from funding receipts.