LIC IPO Big News
LIC IPO Latest News: LIC IPO will not be postponed? SEBI approved the draft in 22 days
The news about LIC IPO Draft is that the government insurance company had submitted the draft to SEBI in February.
The government had asked SEBI to approve the draft in 3 weeks. With the approval of SEBI, the possibility of LIC draft going public has increased soon.
This approval of SEBI has come within 22 days of handing over the draft. Earlier, SEBI had not approved the draft of any IPO so quickly.
With the approval of SEBI, there are also indications that LIC IPO is going to be launched sooner than postponing.
LIC IPO Latest News Update:
SEBI has approved the draft of the state-owned insurance company LIC IPO.
A report in ET Now quoted sources as saying that SEBI has also issued an observation letter while approving the draft.
Now the way has been cleared to launch LIC IPO in the market. The government insurance company had submitted the draft of the IPO to SEBI in February.
The government can sell up to 10 percent of its stake in LIC through LIC IPO. If this happens, then its size can go beyond Rs 1 lakh crore.
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