News > Government to file final papers for LIC IPO with Sebi soon

Government to file final papers for LIC IPO with Sebi soon

CNBC TV18 | 11/03/2022 05:35 PM | Click to read full article

The government is planning to soon file the final papers for LIC IPO with market regulator Sebi, which will provide details about the price band, discount for policyholders and retail buyers, and the actual number of shares to be put on the block, an official said.

The government is presently in the wait-and-watch mode because of the market volatility induced by the Russia-Ukraine war and will decide on the timing of the initial public offering (IPO) of Life Insurance Corporation (LIC).