India considering foreign institutional investment of up to 20% in LIC IPO- source By Reuters

0
26
© Reuters. FILE PHOTO: An exterior view of Life Insurance Corporation of India’s (LIC) headquarters is seen in Mumbai September 18, 2014. REUTERS/Danish Siddiqui

NEW DELHI (Reuters) – Indian government is considering allowing foreign institutional investment of up to 20% in Life Insurance Corporation, according to a government source.

The listing of LIC is set to be India’s biggest ever IPO, with the government aiming to raise up to 900 billion Indian rupees ($12.24 billion) from its stake sale.

($1 = 73.5350 Indian rupees)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.