InvestorQ : What is this management change happening at LIC, ahead of the IPO?
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What is this management change happening at LIC, ahead of the IPO?

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5 months ago
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In fact, LIC will now have a CEO and managing director while it will scrap the chairman’s position. This kind of structure will find more favour with global institutional investors as LIC prepares for its IPO later this fiscal year. Government plans to invite bids from merchant bankers for managing the LIC IPO, by end of July. The IPO is proposed to be launched around January 2022 and this is one of the changes ahead of the IPO.

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