LIC $8b IPO
India slashes LIC IPO to 3.5%
The IPO was initially set at 5%.
LIC IPO expected share sales drops to $6.6b
Initial reports predicted that the Indian life giant share sales would be at $8b.
India central bank hints on possible delay of $8b LIC IPO
Several current events may have factored in on the delay.
India approves 20% FDI for LIC $8b IPO—report
IPO is set to launch in March.
LIC prospective investors wary of govt’ meddling in the insurer
The insurer was frequently tapped to save struggling financial firms.
LIC embedded value soars to $72b in just six months
The jump in value was attributed to splitting of policyholders funds.
India state-run LIC files $8b IPO papers
India’s biggest life insurer plans to sell 5% of its shares.
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