NEW DELHI (Reuters) – Indian government has set a price band for the Life Insurance Corporation (LIC) initial public offering (IPO) of 902 to 949 Indian rupees ($11.77 to $12.39) per equity share, a source told Reuters.
The issue is set to open on May 2 for anchor investors and will open for subscription on May 4 and close on May 9, the source added.
($1 = 76.6100 Indian rupees)
(Reporting by Aftab Ahmed; Editing by Edmund Blair)
