SEBI Grants LIC 3 More Years To Achieve 10% Public Shareholding Norm
Wednesday, 15 May 2024 The revised timeline for the state-owned insurance giant to achieve 10 per cent public shareholding has been extended till on or before May 16, 2027.
Sebi extends LIC's deadline to achieve 10% public shareholding by May 16, 2027 after Rs 21,000 crore IPO in 2022, diluting govt stake to 95%. Rule 19(2)(b)(iv)... IndiaTimes