LIC launches IPO for anchor investors from today

Life Insurance Corporation, LIC, today launched its much-awaited initial public offering, IPO, for anchor investors. It will be open to general public from Wednesday to 9th of this month. LIC, the country's largest life insurer, is selling over 22.13 crore shares between 902 and 949 rupees per share. Investors can bid for a minimum of 15 Equity Shares and in multiples of 15 Equity Shares thereafter. LIC policyholders will get a 60 rupees per share discount and retail employees and ancho...