State-run insurer LIC seeks to raise $8 billion in India’s largest IPO

#News, Government, India

State-run insurer LIC seeks to raise $8 billion in India’s largest IPO

The Indian government-run insurer Life Insurance Corporation of India filed draft papers with the market regulator on Sunday, announcing its plans to sell 5% of its shares to raise nearly $8 billion in the country’s biggest IPO. The Narendra Modi’s government plans to sell about 316 million shares in the wholly-owned insurer, the draft prospectus […]

State-run insurer LIC seeks to raise $8 billion in India’s largest IPO

2022-02-14 08:02

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