LIC’s may be the mother of all IPOs in India3 min read 02 Feb 2020, 12:16 AM IST
Central govt may be expecting more than ₹70,000 crore from the sale of an undisclosed stake in the insurer
The LIC Act needs to be amended and the insurance firm’s capital structure needs to be tweaked before the IPO
MUMBAI : In what might be one of India’s biggest initial public offerings (IPO), the government will offer a part of its stake in Life Insurance Corp. of India (LIC). However, before anything, the LIC Act will have to be amended and the corporation’s capital structure has to be changed.