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Initial Public Offering – LIC
February 17 , 2022
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- The Government of India is planning to sell 5% of its share in LIC.
- With this, the government is trying to raise Rs 65,000 crores.
- 10% of the shares are being reserved for eligible policyholders.
- The plan is to sell 316.25 million shares.
- This is 5% of the total equity base.
- The total equity base of LIC is 6.32 billion shares.
- 35% of the shares are to be reserved for retail investors.
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