Now trying to sell three and a half percent stake
In view of the conditions of the stock market, the government is going to reduce the size of LIC’s IPO and limit it to 3.5 percent. Earlier there was talk of selling about 5 per cent stake. The government hopes that the sale of 3.5 per cent stake will help the government get around Rs 21,000 crore.
Know what will be the valuation of LIC in such a situation
If the government sells 3.5 per cent of LIC’s stake and gets Rs 21,000 crore, then the valuation of LIC would be around Rs 6 lakh crore. However, earlier the government had estimated the market value of LIC to be around Rs 17 lakh crore.
LIC: Know how much installment will have to be paid for pension of Rs 12000
LIC IPO may be decided this week
Reuters News Agency quoted 1 official as saying that the government wants to list the shares of LIC in the next 2 weeks. Earlier on Thursday, PTI news agency also said in a report that the government can take a decision this week about launching LIC’s IPO. According to the information, most of the work related to the IPO has been completed.
Government has time till May 12
The government has time till May 12, 2022 to launch an IPO without filing fresh documents with the Securities Exchange Board of India (SEBI) for approval.
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