LIC IPO: Anchor buyers hunt begins, authorities might demand larger valuation

In accordance with officers accustomed to the matter, service provider bankers appointed by the central authorities have been requested to arrange an inventory of enormous buyers who will act as anchor buyers within the preliminary public providing (IPO) of Life Insurance coverage Company of India (LIC). can do. The IPO, which is alleged to be India’s greatest, might require heavy lifting from anchor buyers as the federal government might demand larger valuations for the insurer.

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First printed: Mon, 17 January 2022. 06:07 IST

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