LIC Likely To Launch $8 Billion IPO On March 11: Report
NDTV
A public offering of shares by India's state-run Life Insurance Corp (LIC), set to be the country's biggest ever at $8 billion, is expected to open for anchor investors on March 11, three sources with direct knowledge of the matter told Reuters.
Sydney/New Delhi: A public offering of shares by India's state-run Life Insurance Corp (LIC), set to be the country's biggest ever at $8 billion, is expected to open for anchor investors on March 11, three sources with direct knowledge of the matter told Reuters.
The book will open for bidding by other investors a couple of days later, the sources said.
LIC's initial public offering (IPO) is expected to obtain regulatory approval by the first week of March after which an indicative marketing price band will be set, said the sources, declining to be named as the deal discussions are private.
