LIC repairs cost band at Rs 902-949 a share for Rs 21,000 crore IPO
The concern is most likely to open up for membership on May 4 as well as is anticipated to shut on May 9.
Highlights
- Insurance gigantic LIC has actually taken care of the cost band at Rs 902-949 per share
- LIC would certainly use a Rs 60 price cut for insurance policy holders as well as Rs 40 for retail financiers as well as workers
- Last week, the government made a decision to decrease the concern dimension to 3.5 percent
Insurance gigantic LIC has actually taken care of the cost band at Rs 902-949 per share for the Rs 21,000 crore public deal that is most likely to open up on May 4, resources stated.
According to resources, Life Insurance Corporation (LIC) would certainly use a Rs 60 price cut for insurance policy holders as well as Rs 40 for retail financiers as well as workers. The concern is most likely to open up for membership on May 4 as well as is anticipated to shut on May 9.
The government had in February prepared to offer s 5 percent risk or 31.6 crore shares of the insurance coverage leviathan as well as had actually submitted draft documents with Sebi.
However, the IPO intends dealt with headwinds as a result of the continuous market volatility amidst the Russia-Ukraine battle. Last week, the government made a decision to decrease the concern dimension to 3.5 percent.
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