LIC IPO likely to open on May 4, close on May 9 - Moneycontrol

Sebi has given its nod to the updated DRHP that lists a 3.5 percent stake sale, as against 5 percent as mentioned in the previous draft papers.

The much-awaited initial public offering of the Life Insurance Corporation of India is likely to open on May 4, CNBC TV18 reported on April 25, citing sources privy to the development. The issue is … [+1732 chars]

full article...