LIC’s IPO Will Be Launched On March 11

LIC’s IPO will be launched on March 11, know when you will be able to invest.

Life Insurance Corp (LIC), which is bringing the country’s biggest IPO of $ 8 billion so far, can open a subscription for anchor investors on March 11.

Sources said that the IPO will open for general investors after that. Sources said that LIC IPO will get approval from the regulator in the first week of March. After this, its price band will be decided.

LIC’s IPO will be launched: LIC believes in getting all the work done on time.

However, no statement has come from LIC till now, sources said. The Spokesperson of the Finance Ministry also did not comment yet.

Sources said that there may be a change in the IPO launch as now LIC is confident in getting all the work done on time.

The government has appointed 10 merchant bankers.

Let us inform you that Chief Economic Advisor Krishnamurthy Subramaniam had told that the Central Government has given a green signal to the IPO of the state-owned company LIC.

The government has also appointed 10 merchant bankers for its management.

The budget aims to raise Rs 1.75 lakh crore from privatization.

According to Subramaniam, the listing of LIC will happen in this quarter. Subramaniam said that in the budget of the current financial year, the target is to raise Rs 1.75 lakh crore from privatization.

The government has appointed 10 merchant bankers, including Goldman Sachs (India) Securities, Citigroup Global Markets India, Nomura Financial Advisory & Securities, to manage the initial public offering (IPO) of LIC.

LIC Pan update is necessary.

Earlier, LIC was advising policyholders to update their PAN as it is required from the Know Your Customer (KYC) point of view to participate in the proposed IPO.

Vistara launched this new facility, will get the benefit of offers on domestic and international flights

Vistara Airline has tied up with Allianz Partners to provide optional travel insurance to its passengers. This information was given by the airline on Friday.

“Effective from February 16, Vistara customers have the option of availing travel insurance while booking their domestic or international flights,” the airline statement said.

This option is currently available to Indian citizens residing in India and will be expanded to other global markets including Singapore, UAE, and Europe in the second phase during the year.