LIC policyholders told to link PAN for discount on IPO

Tribune News Service

Updated At : 01:11 PM Feb 16, 2022 IST

New Delhi, February 15

LIC has asked its policyholders to update their Permanent Account Number (PAN) details by February 28 to participate in its estimated Rs 63,000- crore public issue.

LIC’s initial public offering (IPO) of over 31.6 crore shares or 5% of LIC’s stake is likely in March and its employees and policyholders will get a discount over the floor price. The PAN updating can be done on LIC’s website directly or with the help of agents.

Policyholders will be eligible to apply for the reserved portion that cannot be more than 10% of the total offer size.

Live Matches

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).

Remembering Sardar Dyal Singh Majithia

Designed and developed by :

LIC policyholders told to link PAN for discount on IPO

Tribune News Service

Unlock Exclusive Insights with The Tribune Premium

Live Matches