 "LIC IPO")
State-run Life Insurance Corporation of India's (LIC) embedded value has been finalised at more than Rs 5 trillion, a government official who is overseeing what is expected to be the country's largest IPO said on Thursday.
Investors are eagerly waiting for the government to indicate LIC's embedded value - a measure of future cash flows in life insurance companies and the key financial gauge for insurers - when it releases the initial public offering (IPO) draft prospectus, expected in a matter of days.
While there has been speculation about the number in Indian media - from as low as $53
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