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