Diabytes
LIC fixes price band at Rs 902-949 a share for Rs 21,000 crore IPO: Report
The issue is likely to open for subscription on May 4 and is expected to close on May 9.
- The issue is likely to open for subscription on May 4 and is expected to close on May 9.
- LIC would offer a Rs 60 discount for policyholders and Rs 40 for retail investors and employees.
- Last week, the government decided to lower the issue size to 3.5 per cent.
Trending Photos
7- 7
- 8
- 9
 "LIC fixes price band at Rs 902-949 a share for Rs 21,000 crore IPO: Report")
New Delhi: Insurance giant LIC has fixed the price band at Rs 902-949 per share for the Rs 21,000 crore public offer that is likely to open on May 4, sources said.
According to sources, Life Insurance Corporation (LIC) would offer a Rs 60 discount for policyholders and Rs 40 for retail investors and employees.
The issue is likely to open for subscription on May 4 and is expected to close on May 9.
The government had in February planned to sell 5 per cent stake or 31.6 crore shares of the insurance behemoth and had filed draft papers with Sebi.
However, the IPO plans faced headwinds due to the ongoing market volatility amid the Russia-Ukraine war.
Last week, the government decided to lower the issue size to 3.5 per cent.
Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in india news and world News on Zee News.
Live Tv
 "DNA: A report showing the reality of Bangladesh")
 "DNA: Power Theft Allegations Against SP MP Ziaur Rahman Barq")
 "DNA: Hot Tea Linked to Cancer Risk!")
 "DNA: Why Jordan Fears After Syria’s Coup?")
 "DNA: Gandhi Family Ruined My Career, says Mani Shankar Aiyar")
 "DNA: NSA Ajit Doval’s China Visit - Inside Story")
 "DNA: Ground Report- Tight Security Arrangements for Mahakumbh")
 "DNA: Who got superstar Allu Arjun arrested?")
 "DNA: US announces 100-point plan for Islamophobia")
 "DNA: Revelation! Were rioters outsiders in Sambhal?")
