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Hold an LIC policy? Smile! You will have a quota in the IPO

Wed Feb 10, 2021

Synopsis "In the Finance Bill 2021-22, it has been proposed to have a reservation on a competitive basis, to an extent of up to 10 per cent of the issue size, in favour of life insurance policyholders of LIC," Thakur said in a written reply to a query in the Rajya Sabha.

Up to 10 per cent of the LIC IPO issue size would be reserved for policyholders, Minister of State for Finance Anurag Thakur said on Tuesday.

   

The government will remain the majority shareholder and will continue to retain management control safeguarding the interest of policyholders, he said.

Read more at:
https://economictimes.indiatimes.com/markets/ipos/fpos/up-to-10-of-lic-ipo-issue-size-to-be-reserved-for-policyholders-mos-finance/articleshow/80768975.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Himanshu Negi

Delhi based writer, lover of food, oceans, and nature.

 
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