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India mulls foreign institutional investment of up to 20% in LIC IPO

India mulls foreign institutional investment of up to 20% in LIC IPO

The listing of LIC is set to be India's biggest ever IPO, with the government aiming to raise up to 900 billion Indian rupees ($12.24 billion) from its stake sale

Reuters
  • Updated Sep 8, 2021 2:37 PM IST
India mulls foreign institutional investment of up to 20% in LIC IPOLife Insurance Corporation

Indian government is considering allowing foreign institutional investment of up to 20% in Life Insurance Corporation, according to a government source.

The listing of LIC is set to be India's biggest ever IPO, with the government aiming to raise up to 900 billion Indian rupees ($12.24 billion) from its stake sale.

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Published on: Sep 8, 2021 2:37 PM IST
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