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India’s state insurance company to list in biggest IPO

Life Insurance Corporation’s Chairperson Mangalam Ramasubramanian Kumar, center, shakes hand Department of Investment and Public Asset Management Secretary Tuhin Kanta Pandey during a press conference for the announcement of its forthcoming initial public offering in Mumbai, India, Wednesday, April 27, 2022. India is selling shares in its largest state-owned insurer in its biggest initial public offering ever. The IPO for Life Insurance Corp. is expected to raise up to $2.74 billion, part of plans by Prime Minister Narendra Modi to privatize some industries and fill state coffers. NEW DELHI (AP) — A much-awaited initial public offering for India’s state-run […]

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