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

This post was originally published on this site

https://i-invdn-com.investing.com/trkd-images/LYNXMPEH870C0_L.jpg

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)