IPO of Indian insurance giant LIC oversubscribed 2.95 times

IPO of Indian insurance giant LIC oversubscribed 2.95 times

REUTERS/Danish Siddiqui - RTS8IIZ

India’s largest ever initial public offering (IPO), by Life Insurance Corp (LIC), was oversubscribed 2.95 times as six days of bidding came to an end on Monday, according to a stock exchange filing.

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