LIC IPO is a scandal, SEBI, IRDAI and the Supreme Court must intervene!
The Life Insurance Corporation of India’s (LIC) Initial Public Offer (IPO) has been opaque and only after the issue of the Red Herring Prospectus(RHP) some details have emerged.
From the initial proposal of 5% sale of shares to fetch around Rs.75000 crore the sale is down to 3.5% to get around Rs.21...
