Government-owned insurer Life Insurance Corporation of India (LIC) has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its mega initial public ...

LIC: All dressed up for its IPO party As LIC files its DRHP, a look at all that has gone into getting this 65-year-old insurance giant ready for its public issue ...

The country's largest insurer LIC is likely to file draft papers with Sebi by November for the largest IPO in the country's history, a finance ministry official has said. "We target to bring the IPO ...

The portion reserved for policyholders can go up to maximum of 10 percent. “The aggregate of reservations for eligible policyholder(s) shall not exceed 10 percent of the offer size,” the DRHP stated.

According to the DRHP, the government will offer to sell 316.25 million shares of face value of Rs 10 each out of its total holding of about 6.32 billion shares in the insurer. The offer includes ...

Life Insurance Corporation of India (LIC), the Country’s largest life insurer with a market share of 64.1% in terms of premiums, has filed its draft red herring prospectus (DRHP) for an initial public ...