Mumbai, 16/2: Life Insurance Corporation of India is looking to raise about Rs 65,400 crore ($8.7 billion) from its initial public offering, according to people with knowledge of the matter.
Shares of the state-run insurer could be priced between Rs 2,000 to 2,100 each, with discounts to some retail investors, the people said, asking not to be identified as the deliberations are private. The issue is slated to run March 10-14 if regulatory approvals are obtained in time, they adde
Roadshows have begun and pricing could change after assessing investor appetite and discussions with the government, which owns LIC, the people said d.said
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