IPO-bound LIC may give 5% discount to policyholders: Reports

IPO-bound Life Insurance Corporation of India (LIC) might give a 5% discount on the IPO's price band to its policyholders, ET Now reported. It added that retail bidders and employees are also likely to be given a concession and that LIC may file its IPO prospectus on February 10. The government is likely to sell a 5-7% stake in LIC.