LIC likely to file preliminary IPO prospectus on Tuesday

LIC likely to file preliminary IPO prospectus on TuesdayThe government is looking to sell a 3.5 per cent stake in the state-owned insurance behemoth

Reuters

Last Updated 26 April 2022, 14:38 IST

Credit: Bloomberg

Life Insurance Corporation is likely to file a preliminary IPO prospectus on Tuesday, sources said.

The government is looking to sell a 3.5 per cent stake in the state-owned insurance behemoth and the IPO is likely to open in the first week of May.

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(Published 26 April 2022, 14:38 IST)