 "Nirmala Sitharaman, LIC IPO")
Finance Minister Nirmala Sitharaman reviewed progress made in launching the initial public offering of Life Insurance Corporation of India (LIC) as the ongoing third Covid-19 wave raises concerns over insurer’s listing, that’s touted to be India’s largest.
The review was done with officials of Department of Investment and Public Asset Management (DIPAM), Department of Financial Services (DFS), Insurance Regulatory and Development Authority of India (IRDAI), and LIC.
ALSO READ: LIC IPO: DRHP, issue date and size, valuation--everything you need to know
ALSO READ: LIC IPO: DRHP, issue date and size, valuation--everything you need to know
The insurer is looking to file the draft red herring prospectus (DRHP) with Securities and Exchange Board
