LIC's IPO sees over 59m shares reserved for anchor investors

LIC's IPO sees over 59m shares reserved for anchor investors

Life Insurance Corporation of India | Image from the corporation's official website

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.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter