LIC IPO to open on May 4: All you need to know ...Middle East

LIC policyholder can apply in both Policyholder Reservation Portion and retail category, while NRI policyholders and other policyholders who do not reside in India are not eligible to apply for the Policyholder Reservation Portion.​​ The government will sell 3.5 per cent stake in LIC or 22.13 crore shares in the company and raise Rs 20,557.23 crore.

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