LIC said to open India's biggest IPO issue by mid-March

LIC said to open India's biggest IPO issue by mid-March

Photo: Getty Images

Life Insurance Corporation (LIC), India’s largest insurer, could publish key details of its mammoth initial public offering (IPO) this month and begin issuing public shares by midMarch, government and banking officials told Reuters on Thursday.

LIC‘s listing is set to be India’s biggest ever IPO, with the government aiming to raise up to 900 billion rupees ($12.2 billion) from selling a stake.

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