Listing facilitation! Ahead of LIC IPO, authorised capital boost of Rs 25,000 crores - All you need to know
LIC IPO NEWS: In a major development, the government has proposed to significantly increase the authorised capital of Life Insurance Corporation of India (LIC) to Rs 25,000 crore to facilitate its listing slated for the next fiscal.
The authorised share capital of LIC shall be Rs 25,000 crore divided into 2,500 crore shares of Rs 10 each, as per the amendments proposed in the Life Insurance Corporation Act, 1956. PTI pic.