LIC IPO: The government will sell 5% of its stake in the country largest insurer Life Insurance Corporation of India (LIC) through an initial public offering (IPO) which is set to be India's largest ever IPO.
• How much is the govt selling: 5%
• Shares to be offered: 316 million shares
• Embedded value of LIC: Rs 5.4 lakh crore
• Has assets worth: Rs 44 lakh crore
• Stock Portfolio: Rs 9.5 lakh crore
• Number of branches: 2,000
• Number of employees: 10,000
• Policy holders: 286 million
• Number of agents: 1.35 million
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