Life Insurance Corporation To Soon Open Largest IPO In India; Get Details Here

Indian government's Life Insurance Corporation (LIC) will sell 5% of its stake in 316.25 million shares, in the initial public offering. In addition, The company could become India’s most valuable listed company after listing on the stock exchanges. Also, policyholders and employees may get a discount compared to the price offered to the public. Notably, LIC possesses a total equity base of 6.32 billion shares.