Life coverage Corporation of India (LIC) had requested that its clients update their PAN subtleties with LIC strategy to partake in the impending LIC IPO. The last date to refresh PAN is February 28, 2022.
A policyholder who doesn’t refresh their PAN before February 28, 2022, will be ineligible to put resources into the LIC IPO under the sum allotted for policyholders, as indicated by the LIC DRHP recorded with SEBI.
As indicated by the LIC DRPH, “A policyholder of our Corporation will guarantee that his/her PAN subtleties are refreshed in the approach records of our Corporation at the earliest. A policyholder who has not refreshed his/her PAN subtleties with our Corporation before the expiry of about fourteen days from the date of the recording of this Draft Red Herring Prospectus with SEBI (i.e., by February 28, 2022) will not be considered as an Eligible Policyholder.”
Workers will get a piece of the stock not to surpass 5% of the complete deal that is saved for them. A piece of the returns, not to surpass 10%, will be saved for qualified policyholders. Policyholders and representatives are probably going to get limited shares.