News > 'LIC IPO Plans on Track, Should Happen This Year Itself'

'LIC IPO Plans on Track, Should Happen This Year Itself'

Times of India | 02/02/2022 09:21 PM | Click to read full article

The government has received the LIC valuation report and is likely to file a draft red herring prospectus (DRHP) for its much-awaited initial public offer (IPO) within a week.

The government may look to offload a 5 per cent stake initially for Rs 65,000 crore to Rs 75,000 crore, which will meet the revised divestment target of Rs 78,000 crore for FY22.