News > FM Nirmala Sitharaman says LIC IPO expected shortly

FM Nirmala Sitharaman says LIC IPO expected shortly

Dais Editorials | 01/02/2022 11:56 AM | Click to read full article

The initial public offering of Life Insurance Corporation of India is expected shortly, Finance Minister Nirmala Sitharaman told the Parliament while presenting the Union Budget for 2022-23.

The much-awaited IPO of the life insurance behemoth is expected to be one of the biggest in the country, with the government aiming to raise close to $12 billion by selling a minority stake to the public.