India Dealbook: SH Kelkar to launch $77m IPO; LIC sheds 2% stake in Ashok Leyland

India Dealbook: SH Kelkar to launch $77m IPO; LIC sheds 2% stake in Ashok Leyland

Visual from SH Kelkar and Co website

Fragrance maker SH Kelkar & Co is expected to launch its $77 million public offer on 28 October. In a separate development, Life Insurance Corp has sold its 2% stake in commercial vehicle manufacturer Ashok Leyland in the open market. 

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