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Business Standard brings you the top headlines on Monday

Over Rs 30,000 cr funds blocked in LIC IPO could hit other offerings

The initial public offering (IPO) of Life Insurance Corporation (LIC) — India’s largest-ever for the domestic markets — will close on Monday. So far, the issue has attracted bids worth over Rs 30,000 crore and expectations are that the figure could top Rs 1 trillion. The IPO’s popularity, particularly among retail investors, could weigh on the subscription figures of three other issues that also close this week. As a lot of funds will be blocked in LIC’s IPO, the capital available to invest in other issues could be