LIC IPO Opens On May 4, Price Band Rs 902-949

The Life Insurance Corporation's (LIC) public issue offer, India's biggest is finally here, with the long-awaited initial public offering (IPO) to open on May 2 for anchor investors and from May 4 to May 9 for the general public, the insurance behemoth confirmed on Wednesday at its press conference. The public offer will be in the price band of Rs 902-949, with a Rs 60 discount to policyholders and a Rs 45 discount for retail investors and employees.

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