New Delhi: Insurance large LIC has mounted the price band at Rs 902-949 per share for the Rs 21,000 crore public provide that’s more likely to open on May 4, sources mentioned.
According to sources, Life Insurance Corporation (LIC) would provide a Rs 60 low cost for policyholders and Rs 40 for retail buyers and staff.
The subject is more likely to open for subscription on May 4 and is predicted to shut on May 9.
The authorities had in February deliberate to promote 5 per cent stake or 31.6 crore shares of the insurance coverage behemoth and had filed draft papers with Sebi.
However, the IPO plans confronted headwinds because of the ongoing market volatility amid the Russia-Ukraine warfare.
Last week, the federal government determined to decrease the difficulty measurement to three.5 per cent.
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