LIC Board Approves Cut In IPO Issue Size To 3.5% From 5%: Sources
The LIC board has approved a cut in its initial public offering issue size from 5 per cent to 3.5 per cent, sources have said. The government will now dilute 3.5 per cent of its shares in LIC for Rs 21,000 crore, subject to approval of the capital markets regulator Securities and Exchange Board of India, or SEBI.
