Advertisements The anchor investor portion of Life Insurance Corporation of India’s (LIC) initial public offering (IPO) has been fully subscribed on May 2, LIC said in a stock exchange disclosure. Over 71 percent of the anchor book portion came from domestic mutual funds… Read More ›
LIC
Indian insurer LIC set to launch USD 8 bln IPO on March 11, sources say
Advertisements A public offering of shares by India’s state-run Life Insurance Corp (LIC), set to be the country’s biggest yet at $8 billion, is expected to open for anchor investors on March 11, three sources with direct knowledge of the… Read More ›
Govt may allow 20% foreign investment in LIC IPO
Advertisements India is considering a proposal for foreign investors to own as much as 20% in Life Insurance Corporation, according to a person with knowledge of the matter, which would enable them to participate in the nation’s biggest initial public… Read More ›
Law firms bid to work on LIC IPO as government sweetens terms
Advertisements Four law firms, including two of India’s biggest, have bid to advise the state-run Life Insurance Corporation (LIC) on its mega stock offering, after New Delhi made the fee payment structure more attractive. LIC, a household name in India,… Read More ›