November 05, 2024 13:32 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Pakistan's Lahore has become world's most polluted city with an AQI of 1900 on Sunday | Indian Army 'successfully completes' patrolling to a key point in Ladakh's Depsang region | US presidential election: Donald Trump ahead of Kamala Harris in swing states, poll survey predicts | 'I strongly condemn Hindu temple attack, intimidation of our diplomats': PM Modi amid Canada row | 'I strongly condemn Hindu temple attack, intimidation of our diplomats': PM Modi amid Canada row
LIC's Initial Public Offering to open on May 4
LIC IPO
Image: Wikimedia Commons

LIC's Initial Public Offering to open on May 4

| @indiablooms | 29 Apr 2022, 05:36 pm

Kolkata: State-owned insurance major Life Insurance Corporation of India's Initial Public Offering (IPO) will open on May 4 for subscription.

It will close on May 9.

The insurance major has fixed the price band at Rs. 902 anto Rs. 949.

Investors can bid for a minimum of 15 Equity Shares and in multiples of 15 Equity Shares thereafter.

Siddhartha Mohanty, MD, LIC of India said during a press conference in Kolkata on Friday: "LIC is synonymous with life insurance with life insurance in India."

"We have continued to grow and sustain our market leadership position in the country, ," he said.

He said to provide the best possible facilities to customers, LIC is upgrading itself technologically.

Rohit Chawla, Deputy Director, Ministry of Finance, described the moment of LIC's IPO listing as 'historic'.

"LIC is an undisputed market leader," he said.

(Reporting by Supriyo Hazra)

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.