The mega IPO of LIC will be out by the end of the current fiscal.
Biggest IPO?
According to a senior official, the IPO plan is on course. The IPO is expected to become the biggest one in India. It may fetch the government around Rs 1 lakh crore. The government has taken several legislative and executive steps to pave way for the mega IPO.
The LIC is a leading life insurer of India wholly owned by the government. It has three branches outside India – in the UK, Fiji and Mauritius.
