SEBI Provides Market Approval For IPO To LIC India
Life Insurance Corporation Of India (LIC) finally gets their Initial Public Offer (IPO) approval from the Securities and Exchange Board of India (SEBI). This is fastest market approval given for IPO, in just 22 days, after the filing of the IPO draft by LIC. With this, LIC is going to put forward 31.62 crore equity shares under offer for sale (OFS) holding 5% of LIC equity shares.
Tags: LIC, Market regulator, SEBI, Life insurance, Life Insurance Corporation
Courtesy: ANI