LIC is currently undergoing a valuation exercise for an IPO that could be India's biggest ever as the government seeks to raise around 900 billion Indian rupees by selling 5%-10% stake in the company by the end of the fiscal year that runs through March.source https://economictimes.indiatimes.com/industry/banking/finance/insure/lic-seeks-to-appoint-cfo-before-its-mega-ipo-planned-in-2021/22/articleshow/86579640.cms
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