https://www.taxtmi.com/article/detailed?id=12792 LIC's transition to a listed company was enabled by an amendment to the Life Insurance Corporation Act to permit listing and impose ongoing disclosure obligations. The IPO was conducted primarily as an offer for sale of government-held shares with defined Employee and Policyholder reservation portions. The process included drafting and filing a red herring prospectus, obtaining regulatory approval, allotment, credit of shares to demat accounts and listing on stock exchanges. The offering disclosed embedded value and assets under management for investor information and recorded subscription and allocation across anchors, institutional, retail, employee and policyholder categories. en-us Tue, 16 Jul 2024 16:54:02 +0530 Tue, 16 Jul 2024 16:54:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12792 LIC's transition to a listed company was enabled by an amendment to the Life Insurance Corporation Act to permit listing and impose ongoing disclosure obligations. The IPO was conducted primarily as an offer for sale of government-held shares with defined Employee and Policyholder reservation portions. The process included drafting and filing a red herring prospectus, obtaining regulatory approval, allotment, credit of shares to demat accounts and listing on stock exchanges. The offering disclosed embedded value and assets under management for investor information and recorded subscription and allocation across anchors, institutional, retail, employee and policyholder categories. Articles Other Topics Tue, 16 Jul 2024 16:54:02 +0530 https://www.taxtmi.com/article/detailed?id=12792