LIC IPO size to be slashed to 3.5% from 5%, board gives nod: Reports - Moneycontrol

The government, which wholly owns the insurance sector behemoth, is seeking to raise Rs 21,000 crore at a valuation of Rs 6 trillion.

The size of Life Insurance Corporation of India's upcoming initial public offering is likely to be slashed to 3.5 percent from 5 percent, reports said on April 23. The government is seeking Rs 21,00… [+1597 chars]

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