life insurance corporation of india

Insurance behemoth LIC’s IPO, India’s largest, to open today

Around 15.81 lakh LIC shares have been reserved for employees and around 2.21 crore shares are reserved for policyholders. The same get a discount of ₹45 and ₹60 respectively should they apply for the public issue.

Insurance behemoth LIC’s IPO set to be biggest-ever in India, govt to sell 5% of its stake

For a long time, India’s insurance woes have been handled by the Life Insurance Corporation of India (LIC). Ever since its inception in 1956, it has been under…