- As per the SEBI Rules, divestment below 5% of the total capital is not allowed, however after a request from the Government, the largest insurer has been exempted from this clause. LIC would divest 3.5% of her stake through an IPO which is slated to take place later this week.
- LIC had also requested from RBI to allow NBFCs to lend more than 1 crore to investors wanting to put their money in an IPO. The request, however, was not accepted.
- Anchor Investors have been exempted from Lock requirements. It would attract more bundled investments in LIC through Angel Investors.
Question:
Q.1 How much of the capital is LIC about to divest through IPO?a. 5%
b. 3.5%
c. 2.5%
d. 4%
