Life Insurance Corporation of India asks policy holders to update PAN details
GUWAHATI: Life Insurance Corporation of India (LIC), the market leading insurer and financial conglomerate, has stated that every policyholder will have to ensure that his / her PAN details are updated in the policy records of the Corporation on or before February 28, 2022 in order to be considered an eligible policyholder for application in the forthcoming Public Issue.
The PAN updation can be done on LIC website either directly or with the help of agents: https://licindia.in/Home/Online-PAN-Registration, stated a press release.
LIC is proposing an Initial Public Offer (IPO) of up to 316,249,885 Equity Shares of face value of Rs 10 each (Equity Shares) through an Offer for Sale by the President of India, acting through the President of India, acting through the Ministry of Finance, Government of India (Selling Shareholder). The objects of the Offer are to achieve the disinvestment agenda of the government and for LIC to get benefits of listing the Equity Shares on the Stock Exchanges.
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