LIC IPO to open on May 4; Sebi approves updated DRHP
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The initial public offering (IPO) of Life Insurance Corporation of India (LIC) is likely to open on May 4, according to news reports citing sources privy to the development. The government is likely to file the red herring prospectus for the LIC IPO by Wednesday. The issue is expected to close on May 9. The anchor book for the LIC IPO is likely open on May 2, according to a report in CNBC-TV18.