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HomeBreaking NewsInsurance giant LIC's $2.7 billion IPO, India's largest, opens for subscription

Insurance giant LIC’s $2.7 billion IPO, India’s largest, opens for subscription

FILE PHOTO: A logo of Life Insurance Corporation of India (LIC) is pictured at one of its offices in New Delhi, India January 24, 2022. Picture taken on January 24, 2022. REUTERS/Adnan Abidi MUMBAI : State-owned Life Insurance Corp’s (LIC) $2.7 billion IPO, India’s largest, opened to subscriptions from retail and other investors on Wednesday following strong demand from anchor investors led by domestic mutual funds. The Indian government expects to raise the sum, just a third of its original target, from selling a 3.5 per cent stake in the country’s top insurance company, giving it an initial value […]

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