Some bankers have described the public offering of Life Insurance Corp. And across the hinterland, front-page newspaper ads alert more than 250 million policy holders of the chance to own a piece of a company nearly as old as post-independence India.įor almost two years, India has steeled itself for a gargantuan task: readying the country’s premier insurer - with nearly $500 billion in assets and a valuation estimated as high as $203 billion - for what could become its biggest-ever stock listing. Bureaucrats burn the midnight oil in New Delhi, working through power cuts to pull together an initial public offering to rival any in Asia this year. In Mumbai’s sleek skyscrapers, harried bankers race the clock to appraise a company that hasn’t been valued in decades. India’s Aramco moment campaign decoded: Listing before March 2022 likely.įor almost two years, India has steeled itself for a gargantuan task: readying the country’s premier insurer - with nearly $500 billion in assets and a valuation estimated as high as $203 billion - for what could become its biggest-ever stock listing. Goodwill Investors’ Education initiative! Goodwill’s Eagle Eyes! LIC IPO: All you wanted to know about it.
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