Insurance giant LIC’s $2.7 bln IPO, India’s largest, opens for subscription

A logo of Life Insurance Corporation of India (LIC) is pictured at one of its offices in New Delhi, India January 24, 2022. Picture taken on January 24, 2022. REUTERS/Adnan Abidi

MUMBAI, May 4 (Reuters) – State-owned Life Insurance Corp’s (LIC) $2.7 billion IPO, India’s largest, opened to subscriptions from retail and other investors on Wednesday following strong demand from anchor investors led by domestic mutual funds.

Reporting by Nupur Anand; Editing by Jamie Freed

Source: Reuters.