Ahead of IPO, LIC reveals Q3 results; profit rises to ₹235 cr
- Capital markets regulator has recently approved LIC initial public offering (IPO) worth about ₹63,000 crore
Insurance behemoth Life Insurance Corp. (LIC) has released its financial results for the December quarter (Q3FY22), ahead of its planned IPO. According to the insurer's website, net profit rose to ₹235 crore in the third quarter as against a meagre ₹94 lakh in the same period last year.
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