LIC IPO dimension could also be minimize to Rs 21K cr; concern prone to hit market on Might 2




The scale of the Life Insurance coverage Company of India’s (LIC’s) preliminary public providing (IPO) could also be slashed to Rs 21,000 crore, mentioned individuals within the know. The IPO, nonetheless, could include a greenshoe possibility of Rs 9,000 crore. The entire IPO dimension, after accounting for the greenshoe possibility, will work out to Rs 30,000 crore and can result in 5 per cent dilution of the federal government stake.



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



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