NEWS
10 banks in list to manage LIC’s mega IPO
Out of the 16 banks who made presentations for managing the country’s largest IPO, those who made it to the list also include Axis Capital, Kotak Mahindra Capital, ICICI Securities and Bank of America.
Out of the 16 banks who made presentations for managing the country’s largest IPO, those who made it to the list also include Axis Capital, Kotak Mahindra Capital, ICICI Securities and Bank of America.
Life Insurance Corp of India’s mega initial public offering (IPO) will be handled by 10 investment banks, including Goldman Sachs, Citigroup and SBI Capital Market.
Out of the 16 banks who made presentations for managing the country’s largest IPO, those who made it to the list also include Axis Capital, Kotak Mahindra Capital, ICICI Securities and Bank of America.
The government expects to raise Rs 80,000 crore-Rs 90,000 crore from its stake sale in LIC. This is part of the government’s privatisation programme to raise Rs 1,750,00 crore in the current fiscal.
