 "Life insurance corporation, LIC")
LIC share sale may fetch govt up to Rs 65,000 cr; DRHP filing likely today
Insurance behemoth Life Insurance Corporation of India's (LIC's) initial public offering (IPO) could garner anywhere between Rs 60,000 crore and Rs 65,000, said people with direct knowledge of the development.
At the time of writing, investment bankers were giving the final touches to the company’s draft red herring prospectus (DRHP), which is expected to be filed with the Securities and Exchange Board of India (Sebi) on Friday. Read more
RBI monetary policy: Increase in VRR limit to boost debt capital
The Reserve Bank of India’s (RBI’s)
