[ad_1]
new Delhi. Investors are eagerly waiting for the Mega IPO of the country’s largest insurance company Life Insurance Corporation of India i.e. LIC. The atmosphere of discussions regarding LIC IPO is intense. Meanwhile, the government has got the updated DRHP i.e. Draft Red Herring Prospectus (DRHP) filed with the Securities and Exchange Board of India (SEBI) to bring the IPO of LIC. These documents include information related to the December quarter of the current financial year.
SEBI had approved the DRHP filed by LIC on February 13, 2022. These included information about the financial results till September. Based on the earlier DRHP filed with SEBI, LIC has time till May 12 to bring the IPO.
Also read- Tax Saving FD: SBI gave a gift to the customers by increasing the interest rate, you can open tax saving FD online
Net profit of 235 crores in December quarter
According to the information, LIC had a net profit of Rs 235 crore in the October-December quarter. Net profit increased to Rs 1,671.57 crore between April and December 2021.
read this also- to cryptocurrency GST The government can bring it under its ambit! Know how much tax will have to be paid
Government wants to raise about 60 thousand crores
The government expects to raise around Rs 60,000 crore through IPO through sale of around 316 crore shares or 5 per cent stake in LIC. The public issue was originally planned to launch in March, but the Russia-Ukraine crisis derailed the plans.
UP Vidhan Sabha Election 2022, Breaking English News, Live News Updates First on Tech for FTCP India. Read today’s latest news, analysis, news of assembly elections in five states on the most reliable English news website Tech for FTCP English.
Tags: IPO, LIC IPO, Life Insurance Corporation of India (LIC), SEBI
[ad_2]
Read Article in हिन्दी
