Business Standard

Most large global investors may give LIC's initial public offering a miss

But would consider investment after assessing post-listing performance

Most large global investors may give LIC's initial public offering a miss
Premium

Nikunj Ohri New Delhi
Most large global investors that the Centre was wooing for Life Insurance Corporation of India’s (LIC’s) initial public offering (IPO) such as those who haven't ever anchored any Indian IPO may give the issue a miss. But in their interactions with the Centre, they have committed to consider investing in the insurer’s future offerings, based on its performance as a listed entity.

During roadshows for the LIC IPO, the Centre had reached out to 180-200 large investors that included sovereign wealth funds, investors who focus on only large IPOs globally, and those who make investment decisions based on environmental, social, and

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 26 2022 | 6:05 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com