LIC likely to file draft papers for IPO within 2 weeks: DIPAM Secy

Life Insurance Corporation (LIC) is likely to file the draft red herring prospectus (DRHP) to raise funds through an IPO with SEBI within two weeks, said the Secretary of Department of Investment and Public Asset Management (DIPAM), Tuhin Kanta Pandey, on Tuesday. Earlier while presenting the Union Budget 2022, Finance Minister Nirmala Sitharaman said that LIC's IPO is expected shortly.