LIC IPO News: LIC IPO Launch Date & Latest Updates
LIC’s mega IPO were invited by the government in the year 2020. The proposed listing is expected to be the biggest in the history of the Indian capital markets. LIC, which dominates India’s insurance sector, is the country’s oldest and biggest insurer with total assets in excess of Rs 31 lakh crore.
Finance Minister Nirmala Sitharaman had announced during the budget speech on February 1, 2020, divestment of the government stake in LIC through an IPO. Currently, the government holds a 100 percent stake in the life insurer.
The central government on December 31, 2020, selected Milliman Advisors LLP India for arriving at the embedded value of Life Insurance Corporation (LIC) ahead of its IPO. [Also Read: Govt selected Milliman Advisors LLP India as the Reporting Actuary for the Embedded Value of LIC ]
The Secretary, DIPAM tweeted in the twitter with the following statement
GOVERNMENT HAS SELECTED MILLIMAN ADVISORS LLP INDIA AS THE REPORTING ACTUARY FOR THE EMBEDDED VALUE OF LIC. WORK TO START SOON.
LIC IPO Latest Updates
In December 2021, the Life Insurance Corporation (LIC) has asked its policyholders to update their PAN, so that they can participate in the proposed initial public offering (IPO).
- LIC IPO: How to check/update PAN Card with LIC Policy to participate in IPO?
- Life Insurance Corporation of India – LIC IPO Details
- LIC policyholder with lapsed policy can apply for discounted IPO shares?
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