BIG LIC policy holders effect! Govt expecting this BENEFIT from 1 cr new Demat accounts to be created after LIC IPO launch
Life Insurance Corporation of India (LIC) Policy holders, the number is around 25 crore in India, are expected to get 10% of LIC IPO, which has been reserved for them when the Initial Public Offer is launched.
LIC IPO: As per some recent media reports, the Narendra Modi Government plans to raise Rs 90,000 crore by selling six to seven per cent stake in LIC. Photo: PTI