Norges Bank Investment Management, GIC Pte and Abu Dhabi Investment Authority will be among the anchor names due to be announced Monday, the people said, asking not to be identified
The government is also not looking to dilute any further stake in LIC for at least a year
The proposed maiden public offer by state-owned Life Insurance Corporation of India (LICI) has received interests from more than 25 anchor investors both foreign and domestic, an official said
The Finance Ministry will discuss with market regulator Sebi to exempt LIC from the minimum public shareholding norm, DIPAM Secretary Tuhin Kanta Pandey said
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Insurance behemoth has over 1% holding in 47 Nifty50 firms
The LIC has set a price band of Rs 902-Rs 949 per equity share. The government intends to raise Rs 21,000 crore through the issue
Left parties on Thursday attacked the government over its move to float the LIC IPO alleging that it was a "scam" and a "sell-off".
LIC's much-awaited IPO is finally opening on May 4. But its current valuation is Rs 6 lakh cr, less than half of the expected value of Rs 13 lakh cr. Is the govt undervaluing the state-run behemoth?
Is the govt undervaluing LIC for its IPO? What is Netflix's new affordable subscription model? April F&O expiry: Is Nifty eyeing a narrow trading range? What is India-EU TTC? All answers here
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Life Insurance Corporation of India's (LIC's) landmark Rs 21,000-crore IPO will open for subscription on Wednesday
Valuation fair and attractive; won't dilute stake for a year: Govt
The investor interest has been quite good. It is especially good as far as the domestic investors are concerned: M R Kumar
Compared to Rs 60 discount under policyholder quota, you will get Rs 45 discount under these
But allows a few exemptions, such as a 30-day lock for anchor investors
Big push for new demat accounts likely to come from smaller cities and towns, as many investors will open them only to apply for the IPO
Expected to list with m-cap of Rs 6 trillion - making it world's fourth biggest
LIC is seeking lower valuation
The government is selling 221,374,920 shares in LIC, aiming to raise around Rs 21,000 crore