The Life Insurance Corporation's (LIC) long-awaited public issue offer is likely to open on May 4 and close on May 9, according to sources, who said the exact timelines will be confirmed post April 27th.
The government has time until May 12 to launch the initial public offer (IPO) of Life Insurance Corporation of India (LIC) without filing fresh papers with the markets regulator Securities and Exchange Board of India (SEBI).
The government has filed updated draft papers with market regulator Sebi for an initial public offer of LIC, incorporating December quarter financials of the insurance behemoth, an official said on Monday. 📰 LIC IPO: Government Files Updated Draft Papers With Q3 Financials.