News > LIC board meet today to decide on proposed IPO

LIC board meet today to decide on proposed IPO

Times of India | 11/02/2022 09:32 AM | Click to read full article

Life Insurance Corporation of India's board will meet Friday to consider the insurer's proposed listing, setting the stage for the country's biggest initial public offering, said a senior government official aware of the matter.

The draft red herring prospectus (DRHP) for the proposed IPO will be filed after the board approval. Key decisions on how much discount will be offered to policyholders in upcoming issue may also get cleared in the meeting today (Friday).