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India Expects To Open LIC IPO Issue By Mid-March: Report

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Government anticipates to bring LIC IPO by March 2022Life Insurance Corporation (LIC), nation's biggest insurance company, is likely to submit a draft prospectus as early as end of this month and begin providing public shares by mid-March, one government and 2 banking sources with direct understanding of the matter in New Delhi and Mumbai informed Reuters.The listing of LIC is set to be India's greatest ever IPO, with the federal government intending to raise approximately Rs 90,000 crore from its stake sale.




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