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LIC: SEBI Gives Nod to Launch India’s Highest IPO Ever

LIC: SEBI Gives Nod to Launch India’s Highest IPO Ever

The market regulator has approved the much-awaited IPO of 2022. According to the sources, SEBI has issued an observation letter. LIC had filed it’s Draft Red Herring Prospectus (DRHP) with SEBI in February. As per DRHP, the issue would be an offer to sell 31,62,49,885 (31.62 crores) equity shares by the government, which holds a…