LIC launches largest IPO ever; issue opens on May 4. All details here

The state-owned insurer said the government will be selling shares in the price band of Rs 902-949. The government plans to offload 3.5 per cent stake or 22.13 crore shares in the company and raise Rs 20,557.23 crore. This is well short of earlier projection of about Rs 60,000 crore.

LIC launches largest IPO ever; issue opens on May 4. All details here
The state-owned insurer said the government will be selling shares in the price band of Rs 902-949. The government plans to offload 3.5 per cent stake or 22.13 crore shares in the company and raise Rs 20,557.23 crore. This is well short of earlier projection of about Rs 60,000 crore.