It is possible that like Life Insurance Corporation of India ie LIC, other insurance companies also bring IPO. In fact, the Insurance Regulatory and Development Authority (IRDA) has asked insurance companies to get listed on the stock exchanges to raise capital.
Irda Chairman Debashish Panda said the listing will help insurers to raise capital to expand their business and also expand the coverage of insurance in the country. “We are asking insurance companies to get listed so that their access to capital can be increased. With the listing of Life Insurance Corporation of India, around 60 per cent of the sector will be listed.
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Panda, who took over as the chairman of IRDA a month ago, said the move would help insurers grow and expand the coverage of the insurance sector.
LIC IPO launching soon: The launch of LIC’s IPO is expected by next month. It is believed to be the biggest IPO in the country. Through LIC, the government can raise more than 50 thousand crore rupees. Let us tell you that the first LIC IPO was expected to be launched in the month of March itself, but it could not be possible due to the war between Ukraine and Russia.