The government is selling 22,13,74,920 shares in Life Insurance Corporation (LIC), aiming to raise around Rs 21,000 crore. Up to 15,81,249 shares and 2,21,37,492 shares are reserved for employees and policyholders. Over 98.8 million shares are reserved for Qualified Institutional Buyers (QIBs) and over 29.6 million shares for non-institutional buyers.
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