LIC IPO for policyholders: How to link your PAN card with policy number
LIC policyholders, who want to bid under the reserved quota, have been asked to mandatorily link their policy with PAN number.
Life Insurance Corporation (LIC) has filed draft papers with Sebi for the sale of a 5% stake by the government. The initial public offering of over 31.6 crore shares or 5% government stake is likely to hit the D-street in March. LIC has reserved not more than 5% for its eligible employees and not more than 10% for its policyholders. “The aggregate of reservations for eligible policyholder(s) shall not exceed 10 per cent of the offer size," the DRHP stated.
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