News > LIC IPO: Filing of DRHP with SEBI likely on Feb 11, Govt weighs 5% stake sale

LIC IPO: Filing of DRHP with SEBI likely on Feb 11, Govt weighs 5% stake sale

Dais Editorials | 11/02/2022 09:05 AM | Click to read full article

India is considering selling about 5% of the shares it holds in a state insurer as it prepares to file documents for the country’s biggest initial public offering.

The Draft Red Herring Prospectus (DRHP) of India's most awaited initial public offering (IPO) by Life Insurance Corporation of India is expected to be filed with SEBI on February 11.