LIC IPO: Government seeks up to ₹10 lakh crore valuation1 min read . Updated: 15 Sep 2021, 03:13 PM IST
- Prime Minister Narendra Modi’s government is pushing ahead with LIC’s IPO to help plug a widening budget gap as it aims to raise 1.75 trillion rupees by March through divestment
India’s government is seeking a valuation of between ₹8 lakh crore ($109 billion) to ₹10 lakh crore for Life Insurance Corporation, in what’s slated to be the nation’s biggest initial public offering.
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