Over 59 million shares reserved for anchor investors in LIC IPO
By Nupur Anand MUMBAI (Reuters) – The IPO of Life Insurance Corporation (LIC), India’s biggest insurer, has got off to a strong start, with 59.3 million shares that were set aside for anchor investors being subscribed at 949 rupees apiece, according to an exchange filing on Tuesday. The Indian government has said it expects to …
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